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Dishonest traders to pay stiffer penalties

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The Competition and Fair Trading Commission (CFTC) says it will soon introduce fines to be settled on the spot by business operators that violate the provisions of the Competition and Fair Trading Act.

CFTC says the initiative forms part of the public sector reforms being implemented by the Commission and will include fines for business entities that also violate the Consumer Protection Act.

The announcement was made in Blantyre on Tuesday during business clinics CFTC held at the Trade Fair Grounds as part of public sensitisation on the reform programmes the Commission is under taking.

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Dir e c tor of Consumer Welfare and Education at CFTC, Lewis Kulisewa, said the initiative was meant to provide awareness to business operators to induce voluntary compliance of the law.

“Violation of these laws comes with stiffer penalties and we would want the public and business operators to be aware before the penalties are put into effect,” he said.

Kulisewa further said the mandate of CFTC is to safeguard competition on the market adding that laws governing competition and fair trading are meant to protect both the consumer and the trader.

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“We protect the market from anti-competitive practices which could harm businesses if left unchecked, hence our mandate benefits both sections of the society,” said Kulisewa.

In his address, Kulisewa sensitised the business community on the rights of consumers, unfair trading practices, advert regulations and consumer protection reforms, among others.

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