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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