Nov 1, 2005
The Shoprite group and Media24 announced on Tuesday, 1 November 2005, that the Shoprite Group of companies has acquired the entire issued share capital of Computicket (Pty) Ltd from Media24. The transaction was subject to the approval of the Competition Commission and is now secured.
Computicket is the leading ticketing business operating in various outlets in South Africa, providing ticketing services to promoters and agents in the entertainment industry.
Commenting on the acquisition Brian Weyers, marketing manager of the Shoprite group, says Shoprite's existing ticketing business, managed from its Money Market Counters, is well complimented with the Computicket business.
“The acquisition has the potential in future to utilize the store infrastructure of the Shoprite and Checkers outlets to increase the ticketing distribution outlets of Computicket from the current 90 to almost 500, which will ensure increased convenience to the public to obtain their tickets for events.
“We are excited to offer this service now to a much broader base of consumers, who previously were not within reach of Computicket to benefit from their service. Our store-reach will certainly make it available to most South Africans across a wider group of LSM’s.
“The Shoprite group is looking forward to build on the business and grow it to include even more electronically advanced services to benefit our customers.”