South Africa’s Shoprite announced on Monday, January 21, it would appeal against a 20 million rand (US$1.4 million) fine handed to its ticket-selling subsidiary by the country’s Competition Tribunal, which found agreements signed by the firm had affected competition, reported Reuters.
The initial case, covering 1999-2012, was referred to the tribunal in 2010 after five rivals of ticket seller Computicket, owned by Shoprite since 2005, complained the business abused its dominance by signing exclusive agreements with clients.
“There is sufficient … evidence to suggest that the exclusive agreements had resulted in anti-competitive effects,” the tribunal’s judgement stated.
“Computicket will appeal the Competition Tribunal’s finding,” Shoprite, South Africa’s biggest retailer, announced in response.
Full Content: Reuters
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