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Shoprite Full-Year Profit Misses Estimates as Costs Climb
date:Aug 20, 2014
the group in anticipation of the next upswing in the economy, Basson said. This was achieved in an environment of constantly rising costs, especially in the areas of electricity and energy over which we have no control.

Revenue from outside South Africa, which accounts for almost a fifth of Shoprite sales, increased by 27 per cent, in line with the previous year. The company added 16 African stores outside its home market, brining the total to 169 across countries including Angola, Zambia and N

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