Shoprite – Africa’s largest retailer – grew its profits by 11.6% to R8 billion.
Sales increased by 8.4% to R141 billion.
The Money Show’s Bruce Whitfield interviewed Shoprite CEO Pieter Engelbrecht.
Listen to the interview in the audio below (and/or scroll down for quotes from it).
A loaf of bread at Shoprite costs R4.99. We lose a bit of money [on every bread sold].— Pieter Engelbrecht, Shoprite
We are the cheapest supermarket, but are we affordable?— Pieter Engelbrecht, Shoprite
We introduced sub-R5 deli meals.— Pieter Engelbrecht, Shoprite
We understand what’s happening to our consumers.— Pieter Engelbrecht, Shoprite
Our star performer is Checkers… We’re chasing the same customers [as Woolworths].— Pieter Engelbrecht, Shoprite
The Shoprite Group’s 33.2% market share is the highest in its history.— Pieter Engelbrecht, Shoprite
Shoprite represents the demographics of South Africa closer than any business.— Pieter Engelbrecht, Shoprite
Enter your email address in the form below to receive a newsletter containing the most-read articles of the week from Bruce Whitfield’s The Money Show every Friday morning in your inbox.
Recommendedby NEWSROOM AI
The Money Show’s Bruce Whitfield interviews Wits University Professor of International Relations John Stremlau.
"I will still gladly bet my life on the quality of our product," says Pratley Group CEO Kim Pratley.
The Money Show’s Bruce Whitfield interviews distinguished Africa correspondent Lee Kasumba, who is in Mozambique’s central city.
Ray White interviews Yiedi CEO Jayshree Naidoo about the special challenges female entrepreneurs face and how to prepare for them.
Ray White talks to personal finance guru Warren Ingram, who reckons women should take financial planning more seriously than men.
Ray White interviews Andreas Horak, Associate Director at PwC.
The annual MTN Walk the Talk with 702 takes place on 22 July this year, under the theme 'Walking for South Africa'.
Bruce Whitfield interviews La Grange about her and Madiba's attitude to money (hopes and fears, successes and failures, etc.)
The Money Show’s Bruce Whitfield interviews Sugar Creek financial expert and author of “My Money” Gerald Mwandiambira.
Bruce Whitfield interviews Francois Janse van Rensburg, author of “Making Money through Buy-To-Let in South Africa".
Following a spate of farm murders in the Cape, the policing expert says there aren't enough stats available on farm killings.
Favourites to feed your soul on Sunday.
WIN R2000! But only if you can prove you're a whiz of the MTN Biz Quiz by answering the following three questions...
Is social trend Blesserfinder, where girls are allegedly matching up with rich 'benefactors' in exchange for sex, a real thing?