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WATCH: Why Shoprite’s earnings dropped for the first time in 10 years

27 February 2019 - 12:10 Business Day TV
Shoprite storefront. Picture: MICHAEL ETTERSHANK
Shoprite storefront. Picture: MICHAEL ETTERSHANK

Shoprite released its interim results on Tuesday, reporting a 24% plunge in diluted headline earnings per share (HEPS) due to supply challenges in the domestic market and currency devaluation in Angola.

As a result, the interim dividend has been cut by 24%, to levels last seen in 2016.

Shoprite CEO Pieter Engelbrecht joined Business Day TV to discuss the group’s  results.

Shoprite CEO Pieter Engelbrecht talks to Business Day TV about the group’s interim results

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