CHRIS GILMOUR: Shoprite has rosy long-term growth prospects despite headwinds
The building blocks are in place for superior expansion beyond the immediate horizon
13 March 2024 - 05:00
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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