Competition Commission hopes to clamp down on unfair practices in retail sector

The Competition Commission is concluding the Tshwane leg of its public hearings in the inquiry into the South African grocery retail sector.

Industry leaders will submit presentations to the inquiry over the next three days before moving on to its next leg in Johannesburg‚ which will run from Thursday to Friday.

Sipho Ngwema, Competition Commission spokesperson says what is interesting in KwaZulu-Natal is governments intervention efforts to ensure everything is done for small businesses to thrive as well as to introduce regulation and better manage the sector.

In many cases people are complaining that their businesses have gone down or wiped out completely because of the bigger retailers entering the markets in townships.

Sipho Ngwema, Competition Commission spokesperson

We must also consider the positives attributed to the arrival of larger retail and supermarket stores in some townships.

Sipho Ngwema, Competition Commission spokesperson

It is looking into four specific objectives:

• The impact (negative and positive effects) of the entry of national supermarket chains into townships‚ peri-urban areas‚ rural areas and the informal economy

• The impact of long term exclusive lease agreements and the role of financiers on competition in the grocery retail sector

• The impact of regulations and by-laws on competition in the grocery retail sector

• The impact on competition of buyer groups and the buyer power of purchasers of fast-moving consumer goods in the grocery retail sector.

Ngwema goes on to say that they will be evaluating and make recommendations on the impact of bulk buying and exclusive agreements prominent found in malls.

We are fairly confident that we will wrap recommendations by the end of the year explains Ngwema.

Listen to the interview in the clip below:


Recommended

by NEWSROOM AI

702 welcomes all comments that are constructive, contribute to discussions in a meaningful manner and take stories forward.

However, we will NOT condone the following:

  • Racism (including offensive comments based on ethnicity and nationality)
  • Sexism
  • Homophobia
  • Religious intolerance
  • Cyber bullying
  • Hate speech
  • Derogatory language
  • Comments inciting violence.

We ask that your comments remain relevant to the articles they appear on and do not include general banter or conversation as this dilutes the effectiveness of the comments section.

We strive to make the 702 community a safe and welcoming space for all.

702 reserves the right to: 1) remove any comments that do not follow the above guidelines; and, 2) ban users who repeatedly infringe the rules.

Should you find any comments upsetting or offensive you can also flag them and we will assess it against our guidelines.

702 is constantly reviewing its comments policy in order to create an environment conducive to constructive conversations.

Read More
National Consumer Commission to crack down on timeshare industry

National Consumer Commission to crack down on timeshare industry

The public hearings by government will aim to help the industry serve the South African people and its economy better.

Standard Bank says Competition Commission is dropping charges against some banks

Standard Bank says Competition Commission is dropping charges against some banks

The Competition Commission, however, says Standard Bank is mistaken. Bruce Whitfield interviews Commissioner Thembinkosi Bonakele.

Rooibos Ltd in hot water for monopolising the market

Rooibos Ltd in hot water for monopolising the market

The Competition Commission has approached the Competition Tribunal for an order declaring that Rooibos Ltd violated market laws.

Competition Commission raids meat suppliers (for alleged price fixing)

Competition Commission raids meat suppliers (for alleged price fixing)

Bruce Whitfield interviews Karan Beef CEO Arnold Pretorius. His company is one of the suppliers under investigation.

Claims that drug companies overpricing generic cancer drugs

Claims that drug companies overpricing generic cancer drugs

The Competition Commission says it will investigate drug companies for allegedly keeping prices of cancer-drugs artificially high.

More pharmaceutical companies may be implicated in price fixing -Cancer Alliance

More pharmaceutical companies may be implicated in price fixing -Cancer Alliance

Three major companies are being investigated for the suspected excessive pricing of life saving cancer medication in the country.

Three pharmaceutical companies probed for excessive pricing of cancer drugs

Three pharmaceutical companies probed for excessive pricing of cancer drugs

The three companies being investigated by the Competition Commission are generic Aspen Pharmacare, Roche and Pfizer.

"Small traders are much more aligned to needs of the communities"

"Small traders are much more aligned to needs of the communities"

Urban food systems experts Jane Battersby says informal traders may meet needs in townships more than big supermarket chains.

Competition Commission hears impact of grocery retail giants on small business

Competition Commission hears impact of grocery retail giants on small business

Xolani Gwala spoke to Johannesburg based wholesaler EST Africa's Louis Greeff.

Investigation into the impact of big retailers on township economy

Investigation into the impact of big retailers on township economy

Competition Commission Sipho Ngwema says they will be investigating various issues in the grocery retail market inquiry.

Popular articles
 In the market for a 2nd hand car? Here are some tips to buy it on a budget!

In the market for a 2nd hand car? Here are some tips to buy it on a budget!

In the car feature, our very own car guy Tumelo Maketekete shares some tips and tricks to buying a car on a R100 000 budget.

Vigilante mob attacks alleged criminals in Daveyton

Vigilante mob attacks alleged criminals in Daveyton

Tensions are rife in the East Joburg township as the community attacked and killed criminals.

[Listen] Lottery responds to Tshepo's fraud claims

[Listen] Lottery responds to Tshepo's fraud claims

Philemon Letwaba says Tshepo's case relates to some of the issues that they are dealing with on a daily basis.

Who is Advocate Tembeka Ngcukaitobi?

Who is Advocate Tembeka Ngcukaitobi?

The EFF lawyer stole the show during the state capture report court battle.