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Woolworths Holdings reported a strong set of results for FY23, which ended on 25 June 2023. Turnover for the group rose 6.9% YoY to ZAR93.0 bn (US$5.0 bn). Particularly in the food sector, revenue rose 8.5% annually, with growth accelerating in H2 motivated by more shoppers and improved on-shelf availability.
This in-depth guide to South Africa explores the key trends in grocery retail and the growth strategies of the leading retailers in the country.
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