This means that smaller companies will now be able to operate in the same malls or shopping complexes and compete against the retail giant.
The commission said that until now, these agreements by the national supermarket was widely prevalent, covering well over 70 of the shopping centres in South Africa. It further stated the agreements had “robbed the South African consumers of choice, dynamism and innovation in the sector”.
“Small and independent grocery retailers, specialty stores and emerging challenger retailers such as OBC, Liquor City and Food Lovers Market were unable to enter many shopping centres as a result of these exclusive leases,” said the commission. “Importantly, this undertaking also applies to Shoprite Checkers' franchise business, OK Foods. Specifically, where Shoprite Checkers holds the lease on behalf of a franchisee, the undertaking will be implemented immediately,” said the commission.
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