Shoprite (SA): strong results in challenging environment

Date : 24 August 2017
We report on Shoprite’s annual results. Sales grew by 8.4% to ZAR 101,734 bn (US$7,734 bn). Like for like sales also increased by 5.8%. We consider the drivers of success, despite a challenging environment. South Africa and LiquorShop drive strong performance • In South Africa, supermarket…
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