SUMMARY The Applicant in this matter was Airports Company South Africa (“ACSA”). The Respondents, Big Five Duty Free (Pty) Ltd (“Big Five”), DFS Flemingo SA (Pty) Ltd (“Flemingo”) and Tourvest Holdings (Pty) Ltd (“Tourvest”), were bidders for a tender issued by ACSA to operate duty free shops at its international airports for a period of