In an attempt to keep customers, retailers will absorb some of the hike – for a while
The company is one of the largest food manufacturers in the country, and the 7% fall equates to a R5.6-billion drop in its value
Pick n Pay as well as shops under its Boxer brand, have begun pulling the products, as have all supermarkets in the Shoprite group
A work organiser at the Casual Workers Advice Office has never lost a case at the CCMA, and he has helped workers return to their previous jobs.
Steinhoff shares lost over 56% in trading on the Johannesburg stock exchange.
The ticketing service bullied vendors into signing exclusivity pacts, the Competition Tribunal hears
Many around Africa have expressed outrage at the xenophobia in SA, while SA businesses operating in the rest of Africa begin to feel pressured.
Shoprite has reportedly lost millions when it closed its doors on December 15 as a sign of respect following the passing of president Nelson Mandela.
Enterprises ranging from retailers to mines and bank headquarters will close for the former president’s funeral.
The retailer will open its first store in Angola next week, with the help of an unnamed local partner.
Shoprite has reported profit that matched estimates as growing pressure on consumers’ disposable income held back sales in its domestic market.
The company has not proved to be the hungry giant the competition had feared and it will take more time to feel Walmart’s muscle.
Despite Christo Wiese’s highly public run-in with the British authorities, it is business as usual, writes Heather Formby.
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/ 21 February 2012
Africa’s largest food retailer has reported a healthy rise in first-half profits, which they have partly attributed to higher prices and better wages.
Walmart’s SA unit Massmart is ready to push down prices and sacrifice margins in pursuit of a bigger market share, its CEO has said.
SA’s biggest food retailer Shoprite Holdings saw its shares slide after reporting a 7% rise in full-year sales that fell short of analysts’ estimates.
Zambia has cleared Africa’s largest grocer Shoprite over allegations of threatening to blacklist suppliers who dealt with its rival Pick n Pay.
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/ 21 December 2010
The company at the centre of the frozen chicken controversy says it does "rework" birds for human consumption.
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/ 3 December 2010
Moneyweb reported Shoprite chairperson Christo Wiese was on Thursday forced to give up £675 000 after it was seized in April.
Shoprite booked a 16% rise in full-year profit as its mainstay South African customers warm up to spending due to decades-low interest rates.
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/ 23 February 2010
Shoprite, Africa’s biggest grocer, posted a 13,3% rise in first-half profit as recession-hit consumers flocked to its discount stores.
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/ 13 January 2010
Listed retailer Shoprite on Wednesday posted an increase in first-half turnover due to a rise in sales at its South African operations.
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/ 6 November 2009
Shoprite on Friday took issue with banks over "intermittent system failures in the country’s national electronic payment system [EPS]".
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/ 12 October 2009
Retailer Shoprite said on Monday that it has put its Zimbabwean plans on hold.
Shoprite Holdings reported a rise in profits on Tuesday, but said it expected trading conditions in the new year to be challenging.
The current road freight sector strike is affecting several of the Shoprite Group’s suppliers, the retailer said on Wednesday.
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/ 16 January 2009
South African clothing retailer Foschini posted an 8,7% rise in third-quarter revenue on Friday, thanks to new stores.
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/ 11 September 2008
South African retailer Shoprite will be added to the JSE Top-40 Index of blue-chips, replacing industrial group Barloworld.
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/ 2 September 2008
South African retailer Shoprite reported a 54,1% rise in diluted full-year headline earnings per share on Tuesday.
Listed supermarket group Shoprite has cut margins on basic foodstuffs.
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/ 19 February 2008
The bank and resources indices kept the JSE in positive territory on Tuesday, lifting the bourse 0,7% higher by midday. Banks advanced 2,14% and financials collected 1,14%. The gold mining index added 1,46%, resources lifted 1,11% and the platinum mining index was up 0,58%. However, industrials were down 0,12%.
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/ 19 February 2008
South African retailer Shoprite reported a 55,1% rise in half-year headline earnings per share, as an emerging black middle class spent freely, but said it faced tougher times in the year ahead. Diluted headline earnings per share — the main profit measure in South Africa — rose to 128,4 cents, while revenue climbed 21,7% to R19,105-billion.