CHRIS GILMOUR: Two household names show why SA resilience is world class
Woolies is tops for premium food but Shoprite’s pincer move draws in consumers across the board
14 August 2024 - 05:00
SA retailers are among the best in the world. They’ve had to be nimble and able to adapt to adverse circumstances rarely experienced in many other countries, such as load-shedding and port congestion.
Until fairly recently most of them enjoyed premium ratings on the JSE, often buoyed by foreign investors that liked the dynamics behind the local retailers. One foreign fund manager summed it up for me many years ago when he told me he loved SA retailers because they were working in an emerging-market environment but with first world management...
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