By NOEL IYOMBWACEMENT prices have remained high despite the Competition and Consumer Protection Commission (CCPC) ordering that firms revert to pre-cartel prices by May 7 this year.And the CCPC says it has embarked on a countrywide survey to check and confirm on whether cement companies have reverted to the prescribed prices.CCPC ordered that the cement prices be slashed from the current average prices of K140 per 50kg bag of cement to between US$4.5 to US$5 which translates to K110 per at the current exchange rate of K22 per 1 US dollar.Three cement producer companies that were investigated for restrictive business were found wanting and CCPC fined the firms.The companies are Lafarge Zambia Plc and Mpande Limestone Limited which were found wanting for price fixing, while Dangote was forgiven after complying during the probe.The two cement manufacturing entities were ordered to each pay 20 percent of their 2019 and 2020 turnovers.Despite CCPC announcing the directive takes […]
CEMENT FIRMS DEFY GOVT ORDER
