Ricus Reeders from PSG Wealth Sandton chose Shoprite

● “I’m sticking with local and going for Shoprite. It is the first time in probably four-and-a-half years that I’m actually looking at the company. Talking about change in growth or income prospects, and they’re getting out of Nigeria, they’re still a very dominant player in Africa, they’re gaining market share in South Africa and if we have a resource rally or at least a buoyant resource market that remains, it is going to be good for Africa and the consumer. It will also allow Shoprite to pay off their debt far quicker than I would imagine.”