Shoprite slashed its dollar-denominated debt by 80%, freeing up cash to sharpen its focus on its home market as it retreats from problematic markets elsewhere on the continent.  

The company is now sitting on just $80m (about R1.2bn) in dollar-denominated borrowings racked up by the group’s enormous capital expenditure to roll out hundreds of stores in risky but lucrative markets such as Nigeria and Angola. ..

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