CCPC fines another defaulting firm

THE Competition and Consumer Protection Commission (CCPC) has imposed a 0.5 per cent fine on Kwacha Industries and Hardware Limited for engaging in unfair trading practices.

Investigation findings by the CCPC revealed that Kwacha Industries and Hardware Limited failed to deliver roofing materials to Liyungu Muyunda contrary to the agreed period.

This is according to a statement issued in Lusaka yesterday by CCPC senior public relations officer Namukolo Kasumpa.

She said the board of commissioners had directed Kwacha Industries and Hardware

Limited to refund Mr Muyunda a sum of K4, 200 within 10 days of receipt of the decision.

This was in accordance with Section 5(d) and for breach of Section 49(5) of the Competition and Consumer Protection Act No. 24 of 2010 respectively.

Mr Kasumpa said Kwacha Industries and Hardware Limited has also been directed to submit latest annual books of accounts for calculation of the actual fine within 30 days.

"The decision to fine Kwacha Industries and Hardware Limited was made during the 48th Board of Commissioners for the adjudication of cases held in Lusaka," she said.

“This follows a complaint that was lodged before the

CCPC by Liyungu Muyunda, who alleged that Kwacha Industries and Hardware Limited failed to deliver roofing materials as per agreed terms and conditions.

“The complainant made a payment of K4, 200.00 between December 10 and 24, 2019 to Kwacha Industries and Hardware Limited for roofing materials worth K20, 820.00 on hire purchase.

“He was further assured at the time of purchase that the materials would be delivered upon payment of the K4, 200.00. However, despite paying the agreed down payment of K K4, 200.00 the materials were not delivered and his demands for the K4, 200.00 refund was ignored,” she said.