Shoprite, Massmart have strong results
Shoprite and Massmart, South Africa’s two leading retailers, have reported strong sales growth for their fiscal first half and full year, respectively.
Shoprite said sales for the six months to end-December rose by 12.5% to 57.5bn rand, with like-for-like growth of 5.1%. Sales at its core South African supermarket unit grew by 12% in the period, helped by particularly strong sales in December.
Meanwhile, Walmart-owned Massmart saw its full-year sales grow by 10.4% to 78.2bn rand, with like-for-like sales up 7.5%. The group particularly noted a 14.6% jump in sales at its Massbuild unit,
News Category
- International retailers
- On the move
- Awards and achievements
- Legislation
- Wine and liquor
- Africa
- Going green
- Supplier news
- Research tools
- Retailer trading results
- Supply chain
- Innovation and technology
- Economic factors
- Crime and security
- Store Openings
- Marketing and Promotions
- Social Responsibility
- Brand Press Office
Related Articles
![](/templates/yootheme/cache/21/Petrol_pump_small-213a2a84.jpeg)
Good signs for petrol prices in South Africa
By: Hanno Labuschagne - MyBroadband
An anticipated strengthening of the rand and slipping global oil prices could result in lower petrol prices at the pumps next month.
![](/templates/yootheme/cache/10/Eskom_light_bulb_small-101d76a1.jpeg)
Eskom wants to hike electricity prices by up to...
By: Myles Illidge - MyBroadband
Eskom has asked the National Energy Regulator of South Africa (Nersa) for a 36.15% electricity tariff hike for the customers it directly supplies and charges, Daily Maverick reports.
![](/templates/yootheme/cache/21/Petrol_pump_small-213a2a84.jpeg)
Big petrol price drop tipped for July
By: Yogashen Pillay – The Mercury
Economists are predicting a big drop in petrol and diesel prices next month, saying it will bring much-needed relief to under-pressure consumers.
![](/templates/yootheme/cache/21/Petrol_pump_small-213a2a84.jpeg)
Fuel price cuts bigger than expected
By: Jason Woosey - IOL
Petrol and diesel prices are set to come down from Wednesday, June 5, according to a statement released by the Department of Mineral Resources and Energy (DMRE).
![](/templates/yootheme/cache/b5/Shopping_trolley_food_prices_small-b58ed49b.jpeg)
‘Desperation is the new normal’ for South Afric...
By: Opinion – IOL Business Report
South Africans have been collectively waiting with bated breath for some small financial reprieve from the relentless price hikes of the past few years that have driven them to the brink of despair, chief among t...