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Deputy Commissioner at the Competition Commission, Hardin Rantshisusu speaking during an event.
The Fresh Produce Market Inquiry has proposed 31 recommendations and remedial actions to promote competition, reduce barriers to entry, and to promote inclusive fresh produce market value chains.
The inquiry has identified high concentration levels among Fresh Produce market agents for essential produce such as potatoes, apples, bananas, onions and tomatoes.
Deputy Commissioner at the Competition Commission, Hardin Rantshisusu has revealed that four largest market agents account for at least 70% of market share in major Fresh Produce Markets in the country.
“The following large market agents (the RSA Group, Subtropico, the Grow Group, Dapper Market Agents and Prinsloo & Venter Market Agents) must, for a period of six years, enter into management agreements with SME or HDP market agents for skills transfer, as well as training on managing the fresh produce market agency business. The inquiry will recommend to the Competition Tribunal that African Rainbow Capital must divest its shareholding in either Subtropico or the RSA Group, and that the buyer of divested shares must be a firm wholly owned and/or controlled by a Historically Disadvantaged Person (HDP),” says Rantshisusu.
Launch of the fresh produce market inquiry final report media briefing:
