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Shoprite Full-Year Profit Misses Estimates as Costs Climb
date:Aug 20, 2014
lation at 6.6 percent. The South African Reserve Bank raised its benchmark interest rate for the second time this year on 17 July, cutting disposable income for borrowers.

Revenue growth at the companys South African supermarket operation was 8.7 per cent, compared with 9.8 per cent growth a year earlier, while furniture division sales grew 12 per cent. Trading profit margin declined to 5.6 per cent, as the company spent 1.6 billion rand on 125 new stores.

We invested heavily in the future of

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