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.
The Money Show’s Bruce Whitfield interviews Corruption Watch Executive Director David Lewis.
In other words; you’re probably a victim. The Money Show’s Bruce Whitfield interviews Stuff magazine’s Toby Shapshak.
Bruce Whitfield interviews Tax Ombud Judge Bernard Ngoepe.
Every day JZ’s re-shufflin'! The longest lasting Cabinet? 18 months! Political analyst Gareth van Onselen breaks it down.
Financial Mail's Claire Bisseker discusses her book “On the Brink: South Africa’s Political and Fiscal Cliff-Hanger”.
The Money Show’s Bruce Whitfield interviews Adams about his attitude to money (hopes and fears, successes and failures, etc.).
ANC branch in the Eastern Cape, Z.R Mahabana, has launched a campaign backing Lindiwe Sisuslu as an ANC presidential candidate.
"Recognise that it’s not the end, it’s the beginning." Expert advise for school-leavers who want to improve their results.
Makhabane says Ncwane was feeling weak yesterday and his wife phoned paramedics to check on him.
People do some very interesting things for a living, but some job titles are given more credit than others.
This week Xolani Gwala's speaks to former Generations actor Pamela Nomvete for #WhatInTheWorldHappenedTo feature.
The EFF lawyer stole the show during the state capture report court battle.
After 3 years there are 3 Nic Harry stores (incl online) that sell 100 000 pairs of socks in over 20 countries around the world.
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?