Shoprite – Africa’s largest retailer – grew its profits by 11.6% to R8 billion.
Sales increased by 8.4% to R141 billion.
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).
A loaf of bread at Shoprite costs R4.99. We lose a bit of money [on every bread sold].— Pieter Engelbrecht, Shoprite
We are the cheapest supermarket, but are we affordable?— Pieter Engelbrecht, Shoprite
We introduced sub-R5 deli meals.— Pieter Engelbrecht, Shoprite
We understand what’s happening to our consumers.— Pieter Engelbrecht, Shoprite
Our star performer is Checkers… We’re chasing the same customers [as Woolworths].— Pieter Engelbrecht, Shoprite
The Shoprite Group’s 33.2% market share is the highest in its history.— Pieter Engelbrecht, Shoprite
Shoprite represents the demographics of South Africa closer than any business.— Pieter Engelbrecht, Shoprite
Enter your email address in the form below to receive a newsletter containing the most-read articles of the week from Bruce Whitfield’s The Money Show every Friday morning in your inbox.
Recommendedby NEWSROOM AI
Bruce Whitfield asks branding and advertising expert Andy Rice to critique the week’s advertising “heroes” and “zeroes”.
The Money Show’s Bruce Whitfield interviews Luno Country Manager Marius Reitz.
The Money Show’s Bruce Whitfield interviews Zodwa Velleman, CEO at the Vapour Product Association of South Africa.
The Money Show's Bruce Whitfield interviews Africa correspondent Lee Kasumba
Bruce Whitfield interviews Manser about his attitude toward money (hopes and fears, successes and failures, etc.).
Bruce Whitfield interviews Dr Adrian Saville (Gordon Institute of Business Science) and Rand Merchant Bank Strategist John Cairns.
Editor at MyBroadband.co.za says some international broadcast services could be illegal to stream from SA.
Investigative journalist and author Jacques Pauw shares his thoughts on 'The Lost Boys of Bird Island' book.
Dr Taj Hargey says he is advocating for the ban of women wearing burkas in public because they look ridiculous.
Khabazela shares tweets & videos that have gone viral including a parrot that told firefighters the F-word during its rescue.
Institute for Race Relations researches Terence Corrigan explains why they believe the list Afriforum has released is genuine.
MD at World Wide Worx Arthur Goldstuck explains how your phone may record your voice conversations.