I warned that the EFF's total disregard for the rules would cause serious problems in years to come, writes Melanie Verwoerd.
The Shoprite Group has accepted a judgment by the National Credit Regulator and has processed the payment of the fine imposed on one its subsidiaries.
Interim results for the Shoprite Group for the six months ending December 2018 were negatively affected by increased financial pressure on its core customers and challenges with certain IT projects, among others factors, the group has said.
Shoprite CEO Pieter Engelbrecht says the one percentage point increase in VAT, the sugar tax, and the listeriosis outbreak all impacted the supermarket's revenues.
The Shoprite Group has purchased over 20 million cartons of apples and pears from Tru-Cape Fruit Marketing for its 2 689 Shoprite and Checkers outlets.
Former group CEO of Shoprite Whitey Basson shares his views on the future of retail and shopping centres with Fin24.
No fears should exist that Steinhoff could interfere with management at the Shoprite Group, Shoprite CEO Pieter Engelbrecht told Fin24 on Tuesday.
Dreary results are expected from two of South Africa’s major listed clothing stores, Woolworths and Truworths, in the coming weeks, due to poor local conditions.
Shoprite recorded strong sales growth on the back of sound trading during the festive period.
Shoprite CEO Whitey Basson say the retailer will consider expanding outside Africa as the continent’s largest food retailer seeks additional fast-growing markets.
Trans Hex Group has said a consortium of firms holding more than 72% of the shares have made a mandatory cash offer to acquire the South African diamond producer.
Shoprite Holdings is negotiating with billionaire Christo Wiese's Thibault Square Financial Services over the aquisition, redemption and cancellation of deferred Shoprite shares held by Thibault, in a move that would see Thibault giving up the shares that hold more influence in voting.
The past financial year saw an increase in armed robberies impacting Shoprite Holdings, says CEO Pieter Engelbrecht.
Customers of Shoprite and Checkers can return any Enterprise processed cold meat products and Rainbow chicken polony for a full refund, says the group.
The Shoprite Group said the said the 14 stores would create more than 820 new job opportunities.
Woolworths does not have a monopoly on the premium food market, but it is passionate about this sector and knows how to do it well, CEO Ian Moir tells Fin24.
Despite a constrained trading environment, Shoprite Holdings is healthy and doing well across multiple brands and regions, according to CEO Pieter Engelbrecht.
Shoprite Holdings will focus on expansion outside Africa after talks with Steinhoff International Holdings to create the continent’s biggest retailer fell apart.
Shoprite has doubled chief executive officer Whitey Basson’s pay in the last fiscal year to R100.1m, thanks to a bonus for beating a profit-growth target, it has revealed.
Shoprite has reported a 17% jump in full-year profit, shrugging off competition in South Africa and buoyed by strong sales in Angola.
Shoprite Holdings has risen the most in almost eight years after the retailer said growth in full-year sales accelerated, led by gains at stores outside its home market.
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