THE GOOD

Finweek English Edition - - THE WEEK -

While other lo­cal re­tail­ers have started re­port­ing sub­dued num­bers for the Christ­mas trad­ing pe­riod, re­tailer Sho­prite an­nounced a strong set of re­sults for the six months to end De­cem­ber. Sales in its South African su­per­mar­ket op­er­a­tion in­creased by 10.7% year-on-year, while its su­per­mar­kets out­side SA recorded sales growth of 32.3% (51.7% at con­stant cur­ren­cies). Over­all, rev­enue was up 14% to R71.3bn. Chris Gil­mour, an­a­lyst at Absa Wealth & In­vest­ment Man­age­ment, told Busi­ness Day the re­sults were “out­stand­ing”, and “[speak] well about how well-po­si­tioned they are in the rest of Africa”.

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