Stella Dimoko Korkus.com: Shoprite Charged With Anti-Competitive Behaviour

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Friday, December 21, 2018

Shoprite Charged With Anti-Competitive Behaviour

The Competition Commission said on Thursday that it had charged retailer Shoprite and its subsidiary Computicket with anti-competitive behaviour, and recommended a fine, sending its shares down more than 4 percent.






In a statement, the commission said Shoprite and the event ticket seller had signed exclusive agreements that gave Computicket the ability to discriminate between large and small customers on prices and forced third parties to engage with Computicket, excluding its competitors.


“The Commission has asked the Tribunal to impose an administrative penalty of 10 percent of Computicket and Shoprite Checkers annual turnover,” the commission said.

Shoprite was not immediately available to comment.


Shares in the country’s biggest supermarket chain fell more than 4 percent after the announcement but had recovered to R183, a decline of 1.84 percent, by 12:37pm.

In October, earlier this year, Shoprite’s share price fell 4.6 percent after it released a flat operational update for the quarter to end September hampered by weak consumer sentiment.

Reuters

10 comments:

  1. I no kuku understand,is it in Nigeria

    ReplyDelete
  2. I'm not understanding. Somebody explain please

    ReplyDelete
  3. Stella Nwanyioma!! How u doing? ShopRite na were u go c frozen chicken wey don expire. They no dey agree troway anything, yeye pple. How I wish consumer protection go reach d one wey dey Adeniran ogunsanya.


    Stella mama Bambino's dis thing no b rumour has it ooo. This na confirm gist. Stella how Dogilla, Tedila and Frogilla. No delete my comment.

    ReplyDelete
  4. I tought Am The Only One That Dnt Understand..

    ReplyDelete
  5. Abeg wetin them say happen,this bekee pass meo

    ReplyDelete

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