Spar has finally joined its fellow grocery retailers Shoprite and Pick n Pay in phasing out its controversial exclusive lease agreements.
A four-year probe by the Competition Commission culminated in a report in November 2019 that found exclusive lease agreements were prevalent, anti-competitive and harmful to both consumers and smaller retailers. The commission opted to prioritise getting large retailers to cooperate in this regard rather than immediately choosing litigation to get them to comply.
Pick n Pay and Shoprite had both agreed, though Shoprite later applied to amend its consent agreement, saying it wanted it brought in line with the deal offered to Pick n Pay. According to Spar's deal, it will"not include exclusivity provisions in any new head leases and will cease to enforce exclusivity against all competitors by December 2026".In times of uncertainty you need journalism you can trust. For 14 free days, you can have access to a world of in-depth analyses, investigative journalism, top opinions and a range of features. Journalism strengthens democracy. Invest in the future today. Thereafter you will be billed R75 per month.
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