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Exclusive leases in retail malls need to end: Competition Commission

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Anchor tenants at retail malls and exclusive leases could be on their way out. Property owners have often given exclusive deals to retailers like Pick n Pay or Shoprite to get shoppers to their centres.

But that has made it harder for other retailers to negotiate good spaces.

The Competition Commission has released its final report of the grocery retail market inquiry that began in 2015.

The report has found that exclusive leases and unfair practices hinder competition from smaller retailers in favour of big and established grocers.

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