Monday, March 4th, 2024

Month: December 2023

Major Shift in South African Shopping Malls: Spar, Pick n Pay, and Shoprite Mandated to Terminate Exclusivity Agreements

The Competition Tribunal has recently sanctioned a consent agreement between the Competition Commission and the Spar Group, aiming to terminate long-standing exclusive lease deals within the grocery retail industry. This confirmation solidifies the cessation...

Sekunjalo’s Reaction to Appeal Court Verdict Allowing Nedbank Account Closures

The Sekunjalo group has reacted strongly following a ruling by the Supreme Court of Appeal (SCA) that allows Nedbank to close the group’s accounts. This verdict, overturning a prior decision by the Equality Court,...

Economic Contraction: SA Records 0.7% Smaller Economy in Year-on-Year Comparison

Economic Contraction: SA Records 0.7% Smaller Economy in Year-on-Year Comparison The South African economy experienced a 0.2% contraction in growth during the transition from the second to the third quarter. This decline was slightly...