SA ops lead way for Shoprite

Africa's biggest grocer Shoprite Holdings Ltd posted a rise in first-half turnover as an increase in sales in its core South African market offset a drop in its supermarket operations elsewhere. Shoprite, which caters more for the low-end retail market, said on Wednesday turnover for the six months to end-December rose 11.9% to R33.1bn. Sales at its South African supermarket operation climbed 14.6%.

However, the group, which operates supermarkets in more than 10 African countries, said turnover in its non-South African supermarkets fell by 4.3% due to the weakening of other currencies against the rand. Sales in Shoprite's furniture unit rose 11.5% for the period.
 

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