Joins Pick n Pay and Shoprite, which have already agreed to eradicate the practice by December 2026.
The Spar Group is the latest grocery retail chain to agree to remove long-term exclusive lease agreement terms at shopping centres, paving the way for greater competition in the local grocery retail market. The Competition Commission confirmed Spar’s signing of the consent agreement on Wednesday, adding that it will now be submitted to the adjudicator, the Competition Tribunal, for confirmation.
“The exclusive lease agreements of Shoprite, Pick n Pay and Spar covered close to 2 000 shopping malls and convenience centres nationally, and excluded any specialist or general grocery supermarkets from competing for consumers in those malls,” the CompCom said in a statement. “As more than 50% of grocery shopping journeys are to malls and convenience centres, collectively these leases prevented competition for most consumer purchases.
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