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
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