Shoppers leave the Shoprite store.
In line with the advice of the Competition Commission, the Competition Tribunal instructed that Massmart sell ten retail outlets to independent retailers, especially those from historically disadvantaged backgrounds. Regardless of this, it’s believed that where Massmart fell short in running the enterprises profitably, Shoprite will likely do a better job.
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Shoprite gets green light to buy some Massmart stores but must leave some for independent retailers | BusinessThe Competition Tribunal has approved Shoprite's acquisition of certain Massmart stores. But it wants ten stores identified as 'highly problematic' to be sold to parties not related to Shoprite. | News24_Business _Business Why must 10 highly problematic stores be sold to black retailers. It seems like they will be setup to fail! _Business So Shoprite takes all the profitable stores and leaves the struggling ones to fend for themselves. The competition commission should do it the other way around. _Business MaanoMadima sizoyithola kahle kuwe as usual.
Source: News24 - 🏆 4. / 80 Read more »