Shoppers leave the Shoprite store in Daveyton. Picture: REUTERS/SIPHIWE SIBEKO
Shoppers leave the Shoprite store in Daveyton. Picture: REUTERS/SIPHIWE SIBEKO

Retailer Shoprite’s local supermarket division performed well in the full year to end-June, though not well enough to offset losses in its rest-of-Africa operations.

The group reported a near 20% fall in basic headline earnings per share (HEPS) as its international supermarkets division reported a trading loss of R265m.

The group has warned that challenging trading conditions are likely to stall a return to profitability in that segment, and will consider closing unprofitable stores to cut costs.

Group CEO Pieter Engelbrecht joined Business Day TV to give some perspective on the numbers. ​

Shoprite group CEO Pieter Engelbrecht talks to Business Day TV about the retailer’s full-year results

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