Shoprite: latest retail news, insights and analysis | ESM Magazine

South Africa's Shoprite Names New Group Sustainability Manager

South African retailer Shoprite has announced the appointment of Sanjeev Raghubir as its new group sustainability manager. In his new role, Raghubir wil...

Shares In South Africa's Shoprite Dive After Profit Warning

South African retailer Shoprite looked set for its biggest fall in almost 20 years on Wednesday after it warned of a steep drop in half-year headline earni...

Shoprite Launches Shoprite Money Bulk Payment Service

South Africa-based retailer Shoprite has launched a new service, Shoprite Money, which enables users to make bulk payments such as staff salaries through t...

South Africa's Shoprite Posts Flat Like-For-Like Sales In Full Year 2017/18

South Africa-based retailer Shoprite Group has posted a 0.1% decline in like-for-like sales in its financial year ending 1 July 2018, however the group's S...

South Africa's Christo Wiese Cuts Shoprite Stake After Steinhoff Hit

South African tycoon Christo Wiese sold part of his stake in grocer Shoprite on Wednesday, raising 3.6 billion rand ($264 million) and shoring up his finan...

Wiese Sees Ray Of Light After Losing Billions On Steinhoff

Christo Wiese lost more than $2 billion when Steinhoff International plunged, following the discovery of accounting irregularities. Luckily for h...

South Africa’s Shoprite Sees Turnover Rise 6.3% In H1

South Africa-based Shoprite Holdings has posted a 6.3% increase in turnover in the first half of its financial year, reporting R75.8 billion worth of sales...

Wiese Sells More Shoprite Stock As Steinhoff Extends Plunge

Steinhoff International Holdings' biggest shareholder, Christo Wiese, increased the amount he has raised from selling shares in food retailer Shoprite...