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Woolworths CEO: We don't have monopoly on premium food market

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Cape Town - Woolworths [JSE:WHL] does not have a monopoly on the premium food market in South Africa, but it is passionate about this sector and knows how to do it well, CEO Ian Moir told Fin24 on Thursday.

Moir was reacting to statements made on Wednesday by Shoprite group CEO Pieter Engelbrecht, who said at the Shoprite Group's results announcement on Wednesday, that the group is managing to "dismantle" what it sees as a "monopoly" in the premium food trade in SA. He did not, however, say what this monopoly was.

Engelbrecht said the group's Checkers business grew its upmarket share of the premium food segment in SA, but added that he has never said Checkers wants to "become Woolworths".

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