Woolworths and Shoprite on course for market share gains, says Ninety One
28 January 2024 - 19:12
Asset management behemoth Ninety One expects retail majors Shoprite and Woolworths to beat earnings forecast this year and increase their market share, solidifying their already dominant positions.
Rehana Khan, portfolio manager at Ninety One — which owns stakes in both companies — said the two retailers are set to deliver high returns for shareholders this year, as the load-shedding of the past years recede, putting retailers on a strong footing...
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