Friday, July 12, 2024

Tag Archives: Competition and Fair Trading Commission (CFTC)

FeatureNational

Illovo Sugar Malawi Secures Injunction Against Price Reduction Order and Prosecution Threat

The High Court Commercial Division has issued a stay order in favor of Illovo Sugar Malawi, effectively halting the Competition and Fair Trading Commission (CFTC) from implementing its decision to reduce sugar prices while the matter is under appeal. This move comes after the CFTC recommended potential legal action against Illovo Sugar Malawi plc (ISM) for alleged unethical and deceptive...