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Fair trading law under review

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ITIMU—We need to align it with trends

The Competition and Fair Trading Commission (CFTC) has concluded drafting the Competition and Fair Trading Bill which aims at amending the Competition and Fair Trading Act of 1998 to align the law with current trends.

This was revealed on Tuesday when the commission engaged journalists in Blantyre to enlighten them on issues regarding competition and fair trading practices.

CFTC acting Executive Director Apoche Itimu said some sections of the law, especially on penalties and the mandate of the commission, are outdated and needed review.

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Itimu added that having drafted the bill, the commission will be consulting external stakeholders.

“There are serious gaps that affect our ability to enforce competition and consumer welfare issues; therefore, we thought it important to review our law and align it with trends,” Itimu said.

Itimu then said media remain an important stakeholder in the advocacy.

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“The engagement was very important for us because the media need to be part of our advocacy especially on awareness and sensitising the public on different issues,” he said.

One of the participants, journalist from Capital FM Radio Catherine Tinto, hailed the commission for the engagement.

“There are a lot of things we have learnt from this engagement and it is paramount because we need to educate the masses from an informed point of view,” she said.

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