JOHANNESBURG - Supermarket chain store Pick n Pay said on Tuesday that it would continue to engage South African competition regulators to address its concerns about the retailers market dominance in shopping malls.
This is after the Competition Commission in May said that it wants Pick n Pay, Woolworths, Spar and Shoprite to stop enforcing exclusivity clauses in their lease agreements in shopping malls to allow for more competition.
The multi-million rand sector came into focus earlier this year when Massmart lodged a complaint with the Commission alleging that retail giants blocked rivals from accessing malls.
Speaking at the Annual General Meeting, Pick n Pay chairman Gareth Ackerman said some of the Commission's findings would damage the interests of consumers.
"We were concerned to read in late May of the findings of the Competition Commission inquiry into the retail sector. We have engaged extensively and constructively with the Inquiry team and will continue to do so," Ackerman said.