Shoprite spends R560m on diesel as interim sales rise 11%
Growth was mainly due to price increases, not volumes, underscoring the rising costs of doing business in SA
31 January 2023 - 11:44
UPDATED 31 January 2023 - 20:18
Shoprite’s numbers underline the rising cost of doing business in SA after the country’s biggest grocer reported slightly lower profit margins on rising diesel, fuel, insurance and food prices.
Like-for-like sales in the six months to January 1 were up 11.1% year on year, though that was mostly due to price increases — 9.4% on average, the group said in a trading update on Tuesday...
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