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Computicket pays yet another fine as a result of exclusive negotiations with event organizers.

The Computicketgroup, which is owned by Shoprite, has agreed to pay a fine of more than R11.3 million to the Competition Commission.

According to the commission, between 2013 and 2018, Computicket entered into exclusive agreements with theaters, promoters, and other event organizers, preventing rivals from accessing the ticketing industry.

Computicket was fined R20 million in 2019 for the same offenses committed between 2005 and 2010.

Computicket's appeal against the fine was denied by the Competition Appeal Court.

Since 2019, Computicket has abolished exclusivity clauses from its contracts with event organizers.

In addition, the commission mentions the "successful entrance" of numerous other new ticket distribution companies in recent years.

"The commission is pleased that its previous and ongoing prosecutions of Computicket have resulted in significant and long-term change to South Africa's outsourced ticket distribution landscape, which was under Computicket's stranglehold due to its strategy of locking in customers in exclusive agreements. These agreements have contributed to the competitiveness of the outsourced ticket distribution industry "Tembinkosi Bonakele, the competition commissioner, stated

Content created and supplied by: emmyperfect (via Opera News )

Computicket Computicketgroup Shoprite

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