Shoprite: and now, survival
Load-shedding is wreaking havoc on shareholder returns for all retailers — though Shoprite is still cleaning up
16 March 2023 - 05:00
Shoprite, Africa’s biggest retailer, has chalked up 46 straight months of growth in market share and is considering more acquisitions — even as it bleeds R3m a day on diesel bills.
It spent a staggering R560m for the 26 weeks ended December 2022 — money that could have gone into the business or to shareholders. ..
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