Markets maul Shoprite
It’s the retailer’s bad luck that solid results emerge now, as jitters affect the globe
27 February 2020 - 05:00
"It’s been a busy few months for us," Shoprite CEO Pieter Engelbrecht told the assembled analysts at the retailer’s half-year results presentation this week.
It was probably something of an understatement: there were wage negotiations, load-shedding, currency devaluations in its African businesses outside SA, and placating customers in Nigeria seeking retribution for the xenophobic attacks in SA...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.