Shoprite – Africa’s largest retailer – makes 100 transactions per second.
You read that right. Per second!
You’d expect a company that makes 8.64 million transactions per day to be rolling in it. And it is!
For the half-year to 31 December 2016 Shoprite grew turnover by 14% to R71.3 billion.
Trading profit increased by 19.2% to R3.91 billion.
Shoprite opened 147 new stores in the past year, adding 7144 jobs to its payroll.
The company now employs 143 000 people in South Africa, making it the largest private employer.
Shoprite outside of South Africa performed even better, growing turnover by 32.3%.
The Money Show’s Bruce Whitfield interviewed Shoprite CEO Pieter Engelbrecht.
Listen to the interview in the audio below (and/or scroll down for quotes from it).
It’s fabulous [being in charge]!— Pieter Engelbrecht, Shoprite CEO
The results are a great tribute to Whitey Basson.— Pieter Engelbrecht, Shoprite CEO
I’m only the second CEO in the history of Shoprite.— Pieter Engelbrecht, Shoprite CEO
We’re going to continue with what Whitey has created… Culture eats strategy for breakfast.— Pieter Engelbrecht, Shoprite CEO
We serve more than a billion customers each year.— Pieter Engelbrecht, Shoprite CEO
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