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Smiling all the way to the pay point.

Business Day (South Africa)

| January 04, 2011 | COPYRIGHT 2008 Johnnic Communications. (Hide copyright information)Copyright

Byline: Michael Bleby

Smiling all the way to the pay point Big supermarkets cleared of colluding over prices, writes THE Competition Commission's finding that supermarkets are not colluding over prices, or using their clout to suppliers' detriment, will please the grocers. They have long insisted they are not doing anything wrong. Pick n Pay says SA's four biggest supermarkets account for about 61% of food retailing. In the UK, the four largest retailers make up 70% of retail sales and in Australia, where the company is at loggerheads with the regulator over market share as it tries to sell its Franklins unit, two chains account for 76%. But the conclusion, confirmed by the …

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