Zambia regulator clears Shoprite
RETAILER NEWS
Fin24 - Mar 31st 2011, 00:00
Lusaka - Zambia has cleared Africa's largest grocer Shoprite Holdings [JSE:SHP] over allegations of threatening to blacklist suppliers who dealt with its rival Pick n Pay Stores [JSE:PIK], the regulator said on Tuesday.
Zambia's competition and consumer protection commission opened a probe late last year against Shoprite, after a supplier complained that the company had threatened to blacklist it.
"Investigations have revealed that Shoprite did not abuse its market position as claimed by the complainant," commission spokesperson Brian Lingela said.
Lingela said investigations showed that the complainant had no supply contract with Shoprite and that genuine suppliers were not aware of such threats made by the company.
Shoprite has been operating in Zambia since 1995 and has a chain of 19 stores. Pick n Pay opened its first shop in July 2010.
Related Retailers
 | Shoprite Holdings LtdThe Shoprite Group of Companies, Africa's largest food retailer, operates 1246 corporate and 274 franchise outlets in 16 countries across Africa and the Indian Ocean Islands, and reported turnover of R72,298 billion for the 52 weeks ended June 2011. ...Click here to read more about Shoprite Holdings Ltd |
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