The Independent Consumer and Competitions Commission (ICCC) is in the process of conducting inquiries into matters relating to high costs being charged to consumers in both the motor vehicle and shipping industries.
ICCC Chief Executive Officer (CEO) and Commissioner Mr. Paulus Ain, said that there have been complaints coming to the office about the hefty prices charged for products and services in these two industries that prompted the planned inquiries.
“We are conducting an inquiry into the motor vehicle industry because the price of vehicles has gone up.”
“So, we received a lot of complaints from the government that we have to conduct an inquiry as to why the price of motor vehicles are very exorbitant and it’s not becoming affordable for everyone.”
The next phase will see the Commission conduct an inquiry into coastal shipping; that is, the shipping industry will be under an inquiry also for unrealistic hikes in prices and fares.
Mr. Ain said there are separate teams in the organization that will be conducting these inquiries from the information they received.
These two inquiries will be formally announced soon and then the process will commence.