S.Africa's Shoprite to appeal $1.4 million competition fine

Shoppers leave the Shoprite store in Daveyton, South Africa. [Photo: Reuters]

JOHANNESBURG- South Africa’s Shoprite said on Monday it would appeal against a 20 million rand ($1.4 million) fine handed to its ticket-selling subsidiary by the country’s Competition Tribunal, which found agreements signed by the firm had hit competition.

The judgment was announced ahead of a similar case that is currently before the tribunal, which relates to a later time period and is more serious because the company is included as a respondent and it carries a recommended fine of 10 percent of the turnover of Shoprite’s retail unit.