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Shares of Shoprite, the owner of retail brands Checkers and Usave, had their best day in nine months on Tuesday, after a rebound in liquor sales helped it book close to double-digit sales growth for its 2022 year.

Shoprite’s share price closed 4.71% higher at R219.22, recording its biggest gain since November, after earlier rising as much as 5.9%. It is up 5% so far in 2022, and has more than doubled over the past two years...

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