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January 21, 2014

SOUTH AFRICA: Shoprite reports H1 sales growth

South African supermarket operator Shoprite Holdings has booked an increase in first-half sales, boosted by growth from its businesses in the rest of Africa.

South African supermarket operator Shoprite Holdings has booked an increase in first-half sales, boosted by sales growth from its businesses in the rest of Africa.

In a trading update, Shoprite said total turnover in the six months to the end of December grew by 9.6% to ZAR51bn (US$4.71bn). Like-for-like sales rose 4.3%, the company added.

The firm’s South African supermarket unit saw sales increase by 7.6%, with internal food inflation averaging 3.8%. Shoprite’s non-South African supermarkets achieved sales growth of 27.5%, or 14.9% on a constant-currency basis. 

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