Shoprite is by far SA’s largest food retailer on whatever metric is used: market capitalisation, turnover or net profit. And it has achieved this status in a remarkably brief time, via a combination of clever acquisitions and strong organic growth.

During the past few decades, it has only had two CEOs: James Wellwood “Whitey” Basson and the incumbent, Pieter Engelbrecht. This continuity of top management has helped Shoprite to maintain a stable course through all sorts of economic cycles...

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