A good week
Gaining almost 30% in market value in a week must be no small victory for Shoprite CEO Pieter Engelbrecht. Besides steering the business through a pandemic, as well one of the toughest economic environments of the past few decades, Engelbrecht has had the inevitable comparison between his management and that of Shoprite’s lionised former leader, Whitey Basson, to endure. Well, his strategy appears to be paying off. Record sales, margins maintained, and a cracking good online offering to boot...
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.