COMPANY RESULTS– Shoprite outperforms the market five years in a row as it delivers what customers want

Loading player...
GUEST – Pieter Engelbrecht, Shoprite Chief Executive Officer:

Key information

Double-digit growth sees half year sales reaching R121 billion – continuing
operations ·

Group sale of merchandise increased by 13.9% to R121.1 billion


Supermarkets RSA sale of merchandise increased by 14.6% to R97.5 billion

Diluted headline earnings per share (DHEPS) increased by 7.6% to 621.4 cents
(H1 2023: 577.5 cents)

Interim dividend per share increased by 7.7% to 267 cents (H1 2023: 248 cents)

The Group opened a net number of 369 stores during the past 12 months

The Group’s supermarket operations created 2 202 new jobs over
the six months
5 Mar 2024 3PM English South Africa Business News · Investing

Other recent episodes

BofA Slashes SA Growth Forecast as Inflation Surges

Bank of America has cut South Africa’s 2026 GDP growth forecast to 1.3%, warning that higher oil and fertilizer prices will keep inflation above 4% for most of the year. Economist Tatonga Rusike explains
23 Apr 3PM 11 min

Understanding SA’s First Wealth Score

Franc unveils South Africa’s first-ever Wealth Score, revealing that financial habits—not income—are the strongest predictor of financial health. We unpack why SA’s national score is 45/100 and the behavior gap between knowing and doing with Dr. Thomas Brennan, founder and CEO of Franc.
23 Apr 3PM 13 min

Clicks Lifts HEPS 8% Despite Warehouse Disruptions.

Clicks delivered firm interim results with diluted HEPS up 8.1%, even as warehouse system delays cost an estimated R175 million in lost sales. CEO Bertina Engelbrecht discusses pharmacy growth, trading margins, and festive‑season competition.
23 Apr 2PM 16 min