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Computicket loses appeal against $1.5 million fine

SOUTH AFRICA                 -
World News
November 4, 2019

ONE OF the world’s first computerised ticketing pioneers, Computicket, has lost its appeal against a 20 million rand ($1.5m) fine for allegedly abusing its dominance in the market.

Earlier this year, The Competition Tribunal found that Computicket “required or induced its customers not to deal with competitors” and the company’s exclusivity contracts had increased significantly following its takeover by local supermarket chain Shoprite in 2005.

The Tribunal notes that the company “enjoyed a near monopoly position at the time it introduced the three-year version of the exclusive contracts in 2005”.

According to Fin24, the appeal court ruled on 23 October that the penalty should stand, upholding the findings of a nine-year Competition Tribunal investigation into the company.

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