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Lafarge fined K99 million over pricing

LAFARGE, formerly known as Chilanga Cement, is the country’s pioneer cement firm having been established in 1949.

CHOMBA MUSIKA, Lusaka
THE Competition and Consumer Protection Commission (CCPC) has fined Lafarge Cement Zambia K99.2 million for alleged over-pricing of its products.

But Lafarge Cement Zambia has disputed the fine and will appeal against it.
The K99,235,400 fine is 10 percent of the company’s annual turnover as of 2012, for alleged application of abusive loyalty discount schemes and price discrimination.
This is according to a statement issued yesterday by CCPC board of commissioners chairperson Kelvin Bwalya.http://epaper.daily-mail.co.zm/

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