Shoprite: priced for perfection and delivering it
Shoprite has released results for the 26 weeks to 2nd January 2022. The company has been on a charge, positioning itself as the darling of the grocery sector. That certainly wasn't the case...
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Shoprite News & Analysis
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BRIEF-Shoprite Holdings Ltd Appoints Linda De Beer And Nonkululeko Gobodo As Independent Non-Executive Directors
May 11 (Reuters) - Shoprite Holdings Ltd SHPJ.J :* JSE: SHP - CHANGE TO THE BOARD OF DIRECTORS : APPOINTMENT OF INDEPENDENT NON-EXECUTIVE DIRECTORS* SHOPRITE - APPOINTS LINDA DE BEER AND...
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Deals of the day-Mergers and acquisitions
(Adds Banco Pan, Nova KBM, Schwarz and Acciona)April 14 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 1940 GMT on Wednesday:** Brazilian prosecutors...
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EXCLUSIVE-Persianas to buy Shoprite's Nigerian business-sources
(Adds Shoprite share price gain)By Chijioke OhuochaABUJA, April 14 (Reuters) - Nigerian property group Persianas is buying Shoprite's SHPJ.J business in Nigeria as the South African retailer...
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Persianas to buy Shoprite's Nigerian business, sources say
ABUJA, April 14 (Reuters) - Nigerian property group Persianas is buying Shoprite's SHPJ.J Nigerian business after the South African retailer decided to retreat from other African markets,...
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UPDATE 2-Shoprite's home focus bears fruit as profits and market share grow
* Half-year diluted HEPS rises 10.4%* Sales helped by upmarket Checkers chain* No significant exits in rest of Africa in short term* Shoprite brand to remain in Nigeria under franchise...
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South Africa's rand range-bound, tracks global sentiment
JOHANNESBURG, March 16 (Reuters) - South Africa's rand was little changed early on Tuesday, as the currency continued to take its cue from swings in global market sentiment.At 0618 GMT, the...
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BRIEF-Shoprite Holdings HY Basic HEPS From Contops 419.6 Cents
March 16 (Reuters) - Shoprite Holdings Ltd SHPJ.J : * JSE: SHP - UNAUDITED GROUP RESULTS FOR THE 26 WEEKS TO 27 DECEMBER 2020 * SHOPRITE - DECLARED AN INTERIM DIVIDEND OF 191 CENTS (2019:...
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Profit at South Africa's Shoprite up on better Q2, declares dividend
JOHANNESBURG, March 16 (Reuters) - South African supermarket group Shoprite Holdings SHPJ.J reported a 10.4% rise in half-year earnings on Tuesday, helped by a much stronger second quarter...
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South African Markets - Factors to watch on March 16
JOHANNESBURG, March 16 (Reuters) - The following scheduled economic events, company announcements, equity and currency market moves may affect South African markets on Tuesday. Economic...
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BRIEF-Shoprite Announces Appointment Of Member To The Remuneration Committee
March 12 (Reuters) - Shoprite Holdings Ltd SHPJ.J :* JSE: SHP - APPOINTMENT OF MEMBER TO THE REMUNERATION COMMITTEE* SHOPRITE - WENDY LUCAS- BULL APPOINTED AS A MEMBER TO SHOPRITE'S...
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Retailer Shoprite sees half-year profits growing by up to 22.5%
JOHANNESBURG, Feb 15 (Reuters) - Shoprite Holdings Ltd SHPJ.J said on Monday its profits for the half year that ended Dec. 27 will be higher by between 12.5% and 22.5% compared with the same...
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BRIEF-Shoprite Sees HY Basic HEPS Of 400.1 To 435.7 Cents
Feb 15 (Reuters) - Shoprite Holdings Ltd SHPJ.J :* JSE: SHP - OPERATIONAL UPDATE FOR THE SIX MONTHS ENDED 27 DECEMBER 2020* SHOPRITE - FOR SIX MONTHS TO 27 DECEMBER 2020 SHOPRITE GROUP...
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South Africa's Libstar H2 sales rise on strong retail client demand
JOHANNESBURG, Jan 29 (Reuters) - South African food producer Libstar Holdings Ltd LBRJ.J saw a 3.6% rise in revenue in the second half of 2020, it said on Friday, thanks to a strong third...
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UPDATE 1-South Africa's rand rides local exporter support despite debt concerns
(Adds latest prices, analyst figures)JOHANNESBURG, Jan 28 (Reuters) - The rand firmed on Thursday, buoyed by exporters who helped shield it from souring sentiment toward risk currencies amid...
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Namibian government supports calls to boycott Shoprite amid wage stand-off
WINDHOEK, Jan 20 (Reuters) - The Namibian government said on Wednesday it supports calls to boycott Shoprite Holdings SHPJ.J in an effort to force Africa's largest grocery chain to amicably...
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S.African experts urge government to lay out COVID-19 vaccine plan
* Govt plans to vaccinate 40 million by end-2021 * Experts say plan should have been formed already * Public health system strained with record cases By Promit Mukherjee and Nqobile...
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UPDATE 1-South Africa's Pick n Pay CEO Brasher to retire in April
(Adds detail) JOHANNESBURG, Jan 14 (Reuters) - Richard Brasher, the chief executive of South Africa's Pick n Pay Stores Ltd PIKJ.J , will retire with effect from April 21 after eight years...
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BRIEF-Shoprite Says Wendy Lucas Bull Appointed As Independent Chairperson
Nov 17 (Reuters) - Shoprite Holdings Ltd SHPJ.J :* SHOPRITE - WENDY LUCAS BULL HAS BEEN APPOINTED AS INDEPENDENT CHAIRPERSON OF SHOPRITE HOLDINGS BOARD
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BRIEF-Shoprite Holdings Qtrly Sales Growth 6%
Nov 16 (Reuters) - Shoprite Holdings Ltd SHPJ.J :* SHOPRITE - QTRLY SALES GROWTH FOR TOTAL GROUP 6.0%
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UPDATE 2-South Africa's Pick n Pay ventures into difficult Nigerian market
* Nigeria entry in partnership with A.G. Leventis * First-half earnings down 56.3% * Earnings hit by coronavirus crisis and one-off costs * Shares up 3.2% (Recasts on expansion in...
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BRIEF-Shoprite Appoints Wendy Lucas-Bull As Chairman Designate
Oct 1 (Reuters) - Shoprite Holdings Ltd SHPJ.J :* JSE: SHP - CHANGE TO THE BOARD OF DIRECTORS: APPOINTMENT OF NEW INDEPENDENT NON-EXECUTIVE DIRECTOR AND CHAIRMAN DESIGNATE* SHOPRITE -...
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UPDATE 1-S. Africa's rand hits six-month high, stocks down after weak retail data
(Adds latest figures, analyst comments)JOHANNESBURG, Sept 16 (Reuters) - South Africa's rand rallied to a six-month high on Wednesday, shaking off poor retail sales data as expectations of...
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BRIEF-Shoprite Says PIC Holds 15.1% Of Total Issued Co's Ordinary Shares
Sept 14 (Reuters) - Shoprite Holdings Ltd SHPJ.J :* SHOPRITE - TOTAL BENEFICIAL INTEREST OF CO'S ORDINARY SHARES HELD BY PIC INCREASING TO 15.115% OF TOTAL ISSUED SHOPRITE HOLDINGS ORDINARY...
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BRIEF-Shoprite Says Proposed Transaction To Set Up JV with Equites Property Is Now Unconditional
Sept 14 (Reuters) - Shoprite Holdings Ltd SHPJ.J :* SHOPRITE - FULFILMENT OF CONDITIONS PRECEDENT TO ESTABLISHMENT OF A JOINT VENTURE BY SHOPRITE HOLDINGS AND EQUITES PROPERTY FUND LIMITED*...
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UPDATE 1-Unilever South Africa to pull all TRESemmé products for 10 days over 'racist' ad
* Six retailers pull TRESemmé products from shelves* TRESemmé director involved in campaign leaves co & country* Unilever to take necessary disciplinary action(Recasts with Unilever, adds ...
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S.Africa's Dis-chem joins list of retailers removing TRESemmé products from shelves
JOHANNESBURG, Sept 10 (Reuters) - South Africa's Dis-Chem Pharmacies DCPJ.J has joined a growing list of retailers removing TRESemmé products, a Unilever Plc ULVR.L brand, from their...
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UPDATE 1-South African rand recovers after slide, stocks spike
(Updates rand, adds stocks)JOHANNESBURG, Sept 9 (Reuters) - South Africa's rand recovered on Wednesday after a sharp fall in the previous session when data showed the economy contracted by...
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African Markets - Factors to watch on September 9
The following company announcements, scheduled economic indicators, debt and currency market moves and political events may affect African markets on Wednesday.- - - - - EVENTS: ETHIOPIA -...
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Deals of the day-Mergers and acquisitions
(Adds Elliott Management, Vista Equity Partners; Updates ABC)Sept 8 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 2000 GMT on Tuesday:** Hedge fund...
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UPDATE 1-South Africa's rand drops 1% after GDP shock
(Adds latest prices, GDP figures, analyst comments)JOHANNESBURG, Sept 8 (Reuters) - South Africa's rand tumbled more than one percent on Tuesday after data showed the economy contracted...
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UPDATE 1-Shoprite ends Kenya expansion, plans retreat from the country
(Recasts with Kenya)JOHANNESBURG, Sept 8 (Reuters) - South Africa's Shoprite Holdings SHPJ.J said on Tuesday it expected to close or dispose of its remaining two stores in Kenya in the year...
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South African Markets - Factors to watch on September 8
The following company announcements, scheduled economic indicators, debt and currency market moves and political events may affect South African markets on Tuesday. ECONOMIC...
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Panic buying, discount shoppers lift South African Shoprite's annual earnings
JOHANNESBURG, Sept 8 (Reuters) - South African supermarket chain Shoprite Holdings SHPJ.J reported a 2.5% rise in full-year earnings on Tuesday, helped by panic buying just before...
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BRIEF-Shoprite FY Basic HEPS 767 Cents
Sept 8 (Reuters) - Shoprite Holdings Ltd SHPJ.J :* DECLARED A FINAL DIVIDEND OF 227 CENTS (2019: 163 CENTS) PER ORDINARY SHARE* FY BASIC HEADLINE EARNINGS PER SHARE 767.0 CENTS* HAVE TRADED...
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UPDATE 1-S.African rand hits 1-month low as domestic, global risks increase
(Adds latest prices, analyst comments)JOHANNESBURG, Aug 3 (Reuters) - South Africa's rand tumbled more than 1% to its weakest in a month on Monday as concerns over the domestic economy...
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S.Africa's Shoprite sees lower annual earnings
Aug 3 (Reuters) - South Africa's Shoprite Holdings SHPJ.J said on Monday it expects to report a drop in annual earnings, hurt by an impairment charge it recorded during the year.The company...
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BRIEF-Shoprite Sees FY Basic HEPS From Cont Ops 735.6 To 795.4 Cents
Aug 3 (Reuters) - Shoprite Holdings Ltd SHPJ.J :* INITIATIVES PERTAINING TO INVENTORY AND CAPITAL MANAGEMENT BEGAN EARLY IN OUR FINANCIAL YEAR* GROUP INCREASED TOTAL SALE OF MERCHANDISE FOR...
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South African e-commerce is a COVID-fired market of risk and reward
* South Africa in lockdown since late March* Online shopping surges as consumers stay home* Retailers add capacity to meet demandBy Nqobile DludlaJOHANNESBURG, July 15 (Reuters) - Like many...
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BRIEF-Shoprite Says Beneficial Interest Held By Old Mutual Increasing To 5.22%
June 25 (Reuters) - Shoprite Holdings Ltd SHPJ.J :* SHOPRITE - TOTAL BENEFICIAL INTEREST OF SHOPRITE HOLDINGS ORDINARY SHARES HELD BY OLD MUTUAL INCREASING TO 5.22%
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South African shoppers stock up on booze as sales resume
* South Africa banned alcohol sales in late March * Resumption of sales a relief for industry * Some retailers place limits on purchases By Nqobile Dludla JOHANNESBURG, June 1 (Reuters) -...
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South Africans quench thirst with moonshine during lockdown ban
By Tanisha Heiberg JOHANNESBURG, May 29 (Reuters) - A craze for homebrewing has swept across South Africa since the government banned the sale of alcohol to help hospitals and keep order...
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BRIEF-Shoprite Says PIC Now Holds 15.010% Of Total Issued Co Ordinary Shares
May 25 (Reuters) - Shoprite Holdings Ltd SHPJ.J :* TOTAL BENEFICIAL INTEREST OF CO ORDINARY SHARES HELD BY PIC INCREASING TO 15.010% OF TOTAL ISSUED CO ORDINARY SHARES
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Shoprite joins Pick n Pay in dropping exclusivity clauses in mall leases
JOHANNESBURG, May 13 (Reuters) - Shoprite Holdings SHPJ.J on Wednesday joined Pick n Pay PIKJ.J in agreeing to drop exclusivity clauses in shopping mall leases against small and speciality...
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S.Africa's Shoprite sees surging demand for DIY hair and beauty products
By Nqobile DludlaJOHANNESBURG, May 12 (Reuters) - South Africa's Shoprite Holdings SHPJ.J said sales of beauty products, such as hair colouring kits and conditioners, have soared at its...
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BRIEF-Shoprite Says Total Interest Of Co's Shares Held By PIC On Behalf Of Its Clients Up To 15.03%
May 6 (Reuters) - Shoprite Holdings Ltd SHPJ.J :* SHOPRITE - TOTAL BENEFICIAL INTEREST OF CO'S SHARES HELD BY PUBLIC INVESTMENT CORPORATION SOC ON BEHALF OF ITS CLIENTS UP TO 15.030%...
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Crowds loot trucks in Cape Town a month into COVID-19 lockdown
By Wendell RoelfCAPE TOWN, April 23 (Reuters) - Crowds have launched a string of attacks on delivery trucks in Cape Town, stoning, hijacking and ransacking vehicles to try to take food and...
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South African Markets - Factors to watch on April 7
The following company announcements, scheduled economic indicators, debt and currency market moves and political events may affect South African markets on Tuesday.ECONOMIC EVENTS- Central...
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