24 August 2017
We report on Shoprite’s annual results. Sales grew by 8.4% to ZAR 101,734 bn (US$7,734 bn). Like for like sales also increased by 5.8%. We consider the drivers of success, despite a challenging environment.
South Africa and LiquorShop drive strong performance
• In South Africa, supermarket turnover grew by 8%, with like for like growth of 6.9%.
• Checkers had sales growth of 8.5% to ZAR3...