Shoprite shop. (Supplied)
The aggressive growth of Shoprite is revealing no indications of easing off, with SA’s biggest grocer allocating R8.5 billion in capital investment for its 2024 year as it buys shop growth and its supply chains.
This quantity likewise consists of upgrades to the 51 shops the group formally gotten from Walmart-owned Massmart in late 2022, and comes as it continues a streak of market share gains that has actually reached 58 successive months.
Reporting results for its 6 months to end-December, Shoprite stated it had actually included a net 197 shops to a portfolio that now counts 3 543, developing 2 617 tasks while doing so.
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