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Walmart Agrees To Buy Remaining Stake In South Africa's Massmart

US retail giant Walmart Inc has signed an agreement to begin buying the 47% stake in South African retailer Massmart it does not own, the compani...

Shoprite's Annual Profit Rises As Inflation-Hit South Africans Drive Demand

South Africa's biggest grocer Shoprite Holdings reported a 10.3% increase in annual profit as shoppers flocked to discount store chains for every...

South Africa's Checkers Unveils Smaller-Format Store Concept

South African grocer Checkers, which is part of the Shoprite Group, has unveiled a smaller-format 'neighbourhood store' concept, Checkers Foods.

Shoprite Sees Sales Up In Core South Africa Business, Despite Liquor Store Closures

Shoprite has reported full-year sales growth of 9.3% in its core South African business, despite the prolonged closure of its LiquorShop business due to CO...

Shoprite Announces Restoration Of Services In South Africa After Unrest

The Shoprite Group has said that it has restored operations across its stores in parts of South Africa affected by recent social unrest, with the reopening...

South African Retailers Working 'Around The Clock' To Restock Stores Affected By Looting

South African retailers Shoprite and SPAR Group have issued statements on the continued unrest in South Africa, with Shoprite stating that it is...

Retailer Shoprite Sees Half-Year Profits Growing By Up To 22.5%

Shoprite Holdings Ltd said its profits for the half year that ended 27 December will be higher by between 12.5% and 22.5% compared with the same period a y...

Shoprite Ends Kenya Expansion, Sees Sales Up 6.4%

South Africa's Shoprite Holdings said that it expects to close or dispose of its remaining two stores in Kenya in the year ahead, leaving the East African...