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South Africa's Woolworths Steps Up Battle For Affluent Shoppers With Absolute Pets Deal

South African fashion and food retailer Woolworths will buy a 93.45% stake in pet care retailer Absolute Pets from Sanlam Private Equity and Absolute's man...

Pick n Pay Founder Raymond Ackerman Passes Away Aged 92

Raymond Ackerman, who founded Pick n Pay from just four stores 56 years ago and turned them into one of South Africa's leading grocery retailers,...

South Africa's Shoprite Will Spend $440m To Support Market Share Growth

Shoprite plans to spend about 8.5 billion rand ($443 million) to increase supply chain capacity, add stores and strengthen its digital capability, Sou...

South Africa's Shoprite Sees Sales Up 16.9% In Full Year

South African supermarket group Shoprite has reported sales growth of 16.9% to R215.0 billion (€11.1 billion) in its full financial year ended 2 July...

Black Friday, Holiday Sales Spur Demand At South Africa's Shoprite

South Africa's biggest supermarket group Shoprite reported a 16.8% jump in half year sales, supported by a record Black Friday and festive season as both c...

South Africa's Shoprite Q1 Sales Jump As Shoppers Look For Discounts

South Africa's biggest grocery retailer Shoprite Holdings has reported first-quarter sales growth of 18.6% as financially constrained consumers flocked to...