Retailer Shoprite and miners help lift JSE
Shoprite jumped 10% despite reporting that sales fell almost a fifth in the year to end-June, while global market focus remains on the US Federal Reserve
30 July 2019 - 10:37
The JSE was higher on Tuesday morning, lifted by miners and retailer Shoprite, which surged despite reporting poor sales growth for the year to end-June.
At 9.32am Shoprite was up 10.7% to R161.18, having said earlier that headline earnings per share for the year fell by 14.3%-20.3%, as labour costs rose due to new legislation and on higher rent and electricity costs...
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