CFTC fines Old Mutual Malawi for unfair trading practices


The Competition and Fair Trading Commission (CFTC) has slapped eight companies with a combined fine of K6.5 million for unfair trading practices.

The penalties follow investigations CFTC undertook after receiving various complaints against the companies.

The companies include Old Mutual Pension Services Limited, Peoples Trading Centre, King Steel Limited, Central Poultry Limited, Chipiku Plus, Suncrest Creameries Limited and Vanguard Life Assurance Company Limited.

The unfair trading practices include supply of products likely to cause injury or harm to consumers, misleading conduct and insufficient labelling.

While welcoming the development, Consumers Association of Malawi Executive Director John Kapito has asked the commission to address unfair trading practices from the grassroots.

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Robert Ngwira
Robert Ngwira
Attended Our Future Private Secondary School in Rumphi from 2006-2009 Holder of Diploma in Journalism from Malawi Institute of Journalism (MIJ) Hobbies, reading newspapers, going out with friends, listening to radio and watching football. Email:


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