Has Shoprite hit the growth ceiling?
The answer is no, at least not as far as opening new stores go. So says management, which is intent on notching up yet more market share gains after an incredible five-year run. But its investment appeal looks less rosy
14 September 2023 - 05:00
Shoprite CEO Pieter Engelbrecht is clearly exasperated with South Africa’s dysfunctional state.
“South Africans are very resilient people, but, hell, they deserve better than this. This is not right, but we are doing as much as we can,” he tells the FM after the release of Shoprite’s results last week...
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