JOHANNESBURG – The Competition Commission called on Tuesday for pubic submission on supermarkets.
It is probing the R800-billion grocery sector in a bid to root out any price-fixing and collusion among retailers.
Five major supermarket chains collectively account for about 90 percent of the retail food market in South Africa. Shoprite, Pick n Pay, Spar, Woolworths and Fruit and Veg are anchor tenants in most shopping malls.
The inquiry says this narrows consumers’ choice and could pave the way for higher pricing by a single-type retailer. It also crushes the smaller guys.
A member of the investigating panel, economist Lumkile Mondi, said: “We want stakeholders to come [forward], we can only investigate based on information, we need to bring these issues to the fore.”