Load-shedding is wreaking havoc on shareholder returns for all retailers - though Shoprite is still cleaning up.
Shoprite, Africa’s biggest retailer, has chalked up 46 straight months of growth in market share and is considering more acquisitions — even as it bleeds R3m a day on diesel bills.
It spent a staggering R560m for the 26 weeks ended December 2022 — money that could have gone into the business or to shareholders. ..A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and TimesLive Premium.
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Shoprite: and now, survivalLoad-shedding is wreaking havoc on shareholder returns for all retailers - though Shoprite is still cleaning up.
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