Shoprite share price at all-time high, boosted by great results

A Shoprite store in Langa in Cape Town. Picture: Supplied.

Prices do come down. At Shoprite definitely so…

Pieter Engelbrecht, Shoprite

Shoprite increased its turnover by 6.3% to R75.823 billion in the six months to end-December 2017.

Africa’s largest retailer’s trading profit is up by 5% to R4.104 billion.

At 5:00pm on Tuesday, its share price traded around an all-time high of R263.

The Money Show’s Bruce Whitfield interviewed Shoprite CEO Pieter Engelbrecht.

Listen to the interview in the audio below (and/or scroll down for more quotes from it).

Customers are assisted by deflation… The 7% increase in social grants will help…

Pieter Engelbrecht, Shoprite

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This article first appeared on 702 : Shoprite share price at all-time high, boosted by great results


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