Shoprite Holdings PlcSeptember 15, 2022

SHOPRITE HOLDINGS Ltd – Group results for the 52 weeks to 3 July 2022
Pieter Engelbrecht, Chief Executive Officer, “We are proud of our 2022 results especially considering our high base, the additional week included in our reporting calendar last year and the headwinds presented by a challenging local and global context.” On a 52-week basis our customers spent an additional R19.6 billion with us this year. This growth […]

Retail, Shoprite Holdings PlcAugust 6, 2020

Shoprite to discontinue Nigerian operations
Africa’s retail giant, Shoprite Holdings Group, has announced that it will exit the Nigerian market, according to a statement from the group. “Following approaches from various potential investors, and in line with our re-evaluation of the Group’s operating model in Nigeria, the Board has decided to initiate a formal process to consider the potential sale […]

Retail, Shoprite Holdings PlcAugust 21, 2019

Shoprite -“Lower Prices You Can Trust Always”
Shoprite Holdings Limited is an investment holding company whose combined subsidiaries constitute the largest fast-moving consumer goods (FMCG) retailer on the African continent and the Indian Ocean Islands, with operations in 15 countries. The company’s headquarters are in the Western Cape province of South Africa. Shoprite Holdings Limited is a public company listed on the Johannesburg

Retail, Shoprite Holdings PlcAugust 20, 2019

Shoprite declares 41.50% lower dividend
The board of Shoprite Holdings Group has declared a final dividend of 163 cents which is over 40% lower than what was declared in 2018, according to a statement released by the company. “The board has declared a final dividend of 163 cents (2018: 279 cents) per ordinary share, payable to Shareholders on Monday, 9 […]

Retail, Shoprite Holdings PlcFebruary 26, 2019

Currency devaluation outside South Africa hurts Shoprite, Engelbrecht
South African retailing group Shoprite Holdings Plc announced a 19% fall in trading profit when its half year results for 2018 were published on SENS on 26th February 2019. The company suffered multiple factors disrupting the trading environment according to a press statement from CEO Pieter Engelbrecht issued to SENS. The CEO put the blame […]

Retail, Shoprite Holdings PlcMarch 26, 2017

Economies of Scale key to Shoprite’s Success
As Zambians, we all love Shoprite. From its wide assortment of groceries, this chain of stores offers a dynamic yet consistent family shopping experience for many of its customers. Originating from South Africa, the group has been embarking on an aggressive campaign of expanding its network of stores across Africa. Stability in the economies they […]