SHOPRITE NEWS ON FASTMOVING

Minister of Labour and Social Security, Fackson Shamenda, says Shoprite is operating normally and its operating licence is still in force. read more

Shoprite chief executive Whitey Basson has moved beyond blaming the usual suspects of unions and labour legislation for South Africa’s economic woes and has lashed out at the “declining” manufacturing sector for its lack of innovation and competitiveness. read more

Jozini Mall, the new 18,220 square metre community shopping centre in North-Eastern KwaZulu-Natal, is now fully let and will open on Thursday, 24th October 2013. read more

Lusaka - Blackstar Group SE, an investment company, said it will join other shareholders in fighting Shoprite Holdings Ltd.’s attempts to reverse trades in the retailer’s stock in Zambia. read more

Upmarket property manager, JHI Properties said the property market is performing well with very few vacancies available. read more

Johannesburg - Shoprite Holdings [JSE:SHP], the largest retailer in Africa, said on Tuesday it plans to open 171 new stores by June 2014, including 47 outside its home market.  read more

South African mobile operators and banking institutions top the list of South Africa’s most valuable brands, according to a new report. read more

Johannesburg - Africa's biggest grocer Shoprite [JSE:SHP] Holdings missed estimates with a 12.1% rise in full-year sales, reflecting a slowdown in spending that sent its shares sharply down on the Johannesburg bourse on Tuesday. read more

Zambeef Products Plc share price on the Lusaka Stock Exchange (LuSE) has declined by two percent over the last few weeks following reports of alleged importation of contaminated beef, Stock Broker Zambia Limited (SBZL) has said. read more

WINDHOEK – Plans to develop a shopping centre and office blocks in Keetmanshoop town are on course. Old Mutual Namibia is the developer of what is estimated to be an investment of N$92 million. The development will be fully funded by Old Mutual Namibia. read more

Diversified financial services group Trustco’s share price has suffered a 31% reversal since the company revealed earlier this month that headline earnings per share and basic earnings per share for the financial year ended 31 March 2013 will be 50% and 60% respectively lower than the previous year. read more

Eenhana sees rapid development EENHANA – The recent opening of the Woermann Brock and Shoprite supermarkets in Eenhana has created new employment opportunities for more than 76 youngsters. read more

VENTURES AFRICA – A new $93million first class shopping mall- The West Hills Mall- under construction in west Accra is expected to be ready by October 2014.  read more

Shoprite brings 150 jobs NHLANGANO – Shoprite Checkers has added a stimulating effect to the economy of the small town of Nhlangano by availing about 150 jobs to locals.  read more

The South African supermarket chain, Shoprite, which invested its business in the country some years ago has dismissed recent speculations regarding the imminent closure of some of its stores and possible exit from Tanzania for good. read more

For the President of DMSRetail West Africa, Joseph Ebata, the retail sector in Nigeria has witnessed a huge growth, despite the challenges bedeviling it. read more

Johannesburg - Pick n Pay Stores [JSE:PIK] retailers were down almost 3% on Tuesday morning following the release of their annual results. read more

Recognising the strong buying power of emerging markets in Durban’s outer lying suburbs, Pick n Pay has acquired a property in Chatsworth which will see it go head-to-head with competitor Shoprite’s store on the opposite side of the road.  read more

Johannesburg - Popular supermarkets including Pick n Pay, Shoprite, Woolworths and Spar have responded to a City Press report that identified them as stocking incorrectly labelled meat products. read more

Johannesburg - SA stocks recovered slightly from last week’s declines on Monday‚ as retailers and industrials led the market higher.  read more

Johannesburg - Clicks climbed the most in almost seven months as food and drug retailers continued to recover from an early-year slump driven by slower consumer spending. read more

Choppies, the BSE-listed supermarket chain, seems to be paying the price for fast expansion across the country and its vigorous entry into the South African market. read more

Johannesburg - The JSE closed Tuesday’s session in the red with platinums making gains due to potential supply constraints‚ while retailers took a beating on market expectations that retail earnings could be lower than previously expected. read more

Johannesburg - Shoprite Holdings [JSE:SHP], Africa's biggest grocer, reported a 14% increase in first-half sales on Monday, disappointing investors who had expected a bigger increase from the fast-growing retailer.  read more

The Shoprite Group has reported strong growth in the first quarter of its 2013 financial year despite the continuation of depressed market conditions, the mega-retailer said earlier this week at the release of its quarterly results. Total turnover increased by15,6% compared to 10,8% in the corresponding three months. read more

The fight for market share among food and clothing retailers would continue next year as retail sales were expected to remain flat while consumers battled with high debt and increased utility costs, retail analysts said last week. read more

Shoprite Checkers are first with the unveiling of a world leading technology that enables consumers to get instant shopping discounts on their cell phones, which can be redeemed at Shoprite and Checkers stores.  read more

South African retailers are expected to enjoy a better Christmas this year, thanks to easy credit and low interest rates. read more

Shoprite, Africa’s leading retailer, has set the end of November for the opening of its sixth store in Nigeria, Africa’s most populous country. read more

South Africa's benchmark stock index closed above 33,000 for the first time in its 17-year history on Wednesday, booking a record close for the third straight day as investors piled into oversold mining firms such as Anglo American. read more

Protea Glen Mall, which opened for business on Thursday 27th September, is set to become the suburb’s leading shopping centre, boasting 30 000m2 of popular retail stores. read more

Trustco and Shoprite have entered into an agreement to provide free life cover insurance to regular Shoprite customers. read more

South Africa's Shoprite plants to spend up to 1.7 billion rand ($205 million) on securing new locations in Nigeria, its chief executive said on Tuesday, as Africa's top retailer ramps up sub-Saharan expansion.  read more

The Shoprite Group of Companies has become one of the largest employers on the African continent now employing more than 100 000 people.  read more

Cape Town - Shoprite Holdings [JSE:SHP] on Tuesday posted a 17% increase in trading profit to R4.665bn in the year to June 2012, with turnover increasing 14.4% to R82.731bn. read more

Port Elizabeth’s iBhayi area will become a major urban retail hub with the development of the R195 million Kinako Mall at the intersection of the R75 Uitenhage Road and Spondo Road.  read more

Shoprite, the sponsor of the Woman of the Year competition, has announced the appointment of its first female director. Anna Mokgokong, who has a medical degree, is the co-founder and executive chairwoman of Community Investment Holdings and was South African Business Woman of the Year in 1999. read more

Johannesburg - South Africans seem to be shedding the recessionary mindset. read more

Africa’s largest supermarket group, Shoprite, entered the Democratic Republic of the Congo (DRC) with the opening of a supermarket in the capital Kinshasa. The South African company has been planning to enter the DRC since 2007, according to a report by Cedric Bra, retailing analyst at Euromonitor International. read more

Shoprite had put the idea of an online grocery store on ice until consumers showed interest, the owner of Checkers, House&Home and OK Furniture stores said. read more

Pretoria - Granting approval for the contentious Walmart-Massmart [JSE:MSM] merger was a serious error by the Competition Commission, Cosatu general secretary Zwelinzima Vavi said on Wednesday. read more

The share price of upmarket retailer Woolworths slipped as much as 3% yesterday after the group released a tepid sales update that fell short of the market’s expectations. read more

South African retailer‚ Shoprite Holdings on Monday said for the 12 months to June 2012 the group increased total turnover by 14.4% to about R82.7 billion‚ compared to the corresponding 12 months of 2011. Growth on a like-for-like basis was 8.5%. read more

The continent, long shrouded in scepticism and instability has become a modern day mecca for consumer facing multinationals in search of higher yield.  read more

The bleak global economic outlook also steals the glint from local retailers' eyes. According to Nedbank economists Dennis Dykes and Johannes Khosa, the outlook will hurt consumer confidence and heighten concerns over job security, which will make consumers more cautious about spending.  read more

Property developer Atterbury and financial services group Sanlam have acquired the 85 percent shareholding in the Accra Mall in Ghana from pan-emerging markets private equity firm Actis for an undisclosed amount.  read more

Today is the first day of trade for Shoprite’s convertible registered bonds on the JSE after the group received approval on Friday. read more

Social grants paid by the state are helping retailers in township shopping centres weather tough economic conditions.  read more

For global retailers looking to secure long term growth and diversify their source of income, setting up an African strategy is key.  read more

Taking a taxi to go shopping some distance away from their homes will be a thing of the past for the community of Protea Glen, as a huge new mall with almost all major retailers is to open on 27 September.  read more

Advertising spend jumped 11% to R32.1-billion last year from R28.9-billion the previous year, according to figures released this week by researcher Nielsen. read more

Shprite Holdings , Africa’s largest food retailer, plans to use a substantial portion of the R8bn it is raising in a sale of stock and convertible bonds to repay debt.  read more

Smallholder farming continues to be on the agricultural development agenda as the government seeks to stimulate the agro-processing sector to kick-start its job creation drive. read more

Johannesburg - South African supermarket chain Shoprite Holdings [JSE:SHP] said it will raise up to $1bn by issuing new shares and convertible bonds to strengthen its balance sheet and help fund potential acquisitions. read more

Johannesburg - Shoprite Holdings [JSE:SHP] chairperson Christo Wiese has sold his wine estate Lanzerac outside Stellenbosch to a foreign buyer for an undisclosed amount. read more

Kenyan retail chains that have gone aggressive in their regional expansions are expected to meet stiff competition from South African retailers such as Massmart, Shoprite, Pick n Pay and Spar.  read more

Johannesburg - Nigeria has the potential to become as big a retail market for Shoprite Holdings [JSE:SHP] as its home base, the head of the supermarket chain said on Tuesday, playing down concerns of rising poverty in Africa's most populous country. read more

Companies looking to trade within the Southern African Development Community (SADC) need deep pockets, plenty of patience and excellent organising skills to keep track of all the required paperwork. read more

Spar, Shoprite and Pick n Pay have shrugged off an indigenisation broadside from the Zimbabwean government, which was reported to have issued a directive yesterday that licences for foreign-based chains not be renewed to facilitate localisation of the businesses. read more

SPAR and Shoprite are some of the giant retail outlets that source vegetables from farmers affiliated to the Swaziland National Agricultural Union (SNAU). read more

Jan. 25 (Bloomberg) -- The world’s best-performing consumer stocks have become the lowest-rated by analysts after valuations of South African retailers and food producers climbed to the most expensive levels on record. read more

Cape Town – South Africa's major retailers have risen in the rankings of the 250 global companies. Shoprite Holdings [JSE:SHP] still leads the local choir at No 92. This can be seen in Deloitte’s latest annual global retail report, Global Powers of Retailing 2012: Switching Channels.  read more

The Nigerian Chamber of Commerce in South Africa said the turmoil in the north African country had a major impact on the revenue of South African companies operating there. read more

JOHANNESBURG (Reuters) - Buoyed by irrepressible optimism about emerging markets growth, South African stocks have posted a solid comeback since early August, climbing about 18 percent and hitting record highs in the last week. read more

Johannesburg - Shoprite Holdings [JSE:SHP] said on Monday that for the six months ended December 2011 it grew turnover by 13.2% to some R41.1bn. read more

Small caps starred on the JSE last year, with the AltX 15 showing the best performance of indices with more than one share, with a total return for the year of 42,6%.  read more

As competition intensifies in SA, local retailers have looked offshore for growth and many have also understandably set their eyes on the rest of Africa.  read more

The Shoprite Group of Companies paid tribute to their suppliers at its 2011 Supplier Awards held in Stellenbosch on Saturday, 26 November. This glamorous ceremony, held annually, provides an opportunity for the Group to recognise suppliers for their unstinting support and collaborative approach toward the company’s business during the past year. read more

Shoprite is set to make history this year with the appointment of two female directors to a board that has, since it was established in 1979, been dominated by white Afrikaans men. Shoprite is one of the few companies on the JSE that has no women on the board. read more

Port Louis - Shoprite Holdings [JSE:SHP], the continent's biggest grocery retailer, acquired two supermarkets in Mauritius, it said on Thursday, as it increases its footprint in Africa.  read more

During a difficult trading year, the Shoprite group has consistently improved the efficiency of its operating systems and cost controls to raise profitability. At the same time it is increasingly reaping the benefits of its investment in infrastructure in the past. read more

Johannesburg - Shoprite Holdings, Africa's biggest grocery retailer, is spending R3bn on the upgrading and expansion of its distribution centres, the company's deputy managing director Carel Goosen said on Tuesday.  read more

Johannesburg - Shoprite Holdings, Africa's biggest grocery retailer, beat analysts estimates with a 12.4% rise in full-year profit, as lower interest rates and a tentative economic recovery boost consumer spending. read more

In kitchens all across the country 1063 boerewors-fundis are getting down to the serious business of making their special traditional boerewors for the regional rounds of one of South Africa’s fiercest culinary battles - the 2011 Shoprite Checkers Championship Boerewors Competition. The nerve-racking regional clashes take place on Saturdays 13, 20 and 27 August at selected locations countrywide.  read more

The Competition Tribunal recently approved the Shoprite Metcash franchise deal on condition that jobs are not lost in the process.  read more

Shoprite Checkers says it has increased turnover by 7,3% for the year to June 2011, pushing earnings to date to about R72,3bn, compared to the corresponding 12 months of last year. read more

The Advertising Standards Authority (ASA) of South Africa has a whole arsenal of possible sanctions it can impose on advertisers for breaching its advertising code or prior rulings. These sanctions usually take the form of the withdrawal of the advertisement in its offending format or, in some exceptional circumstances, an order to publish an adverse publicity statement and summarised version of an adverse ruling. read more

SHARP-eyed shoppers may have noticed some unfamiliar brands, or different variants of well-known brands, on the shelves in Shoprite/Checkers stores lately. read more

Johannesburg - South Africa is unlikely to impose local supply targets in its upcoming ruling on Walmart's R16.5bn bid for retailer Massmart Holdings because such demands could violate international trade rules. read more

Pick n Pay elaborate on growth in emerging market, their Private label, clothing and liquor. Furthermore, Smartshopper looks to be exceptionally promising, and they look at further expansion into Africa. read more

Lusaka - Zambia has cleared Africa's largest grocer Shoprite Holdings [JSE:SHP] over allegations of threatening to blacklist suppliers who dealt with its rival Pick n Pay Stores [JSE:PIK], the regulator said on Tuesday.  read more

Metcash Trading Africa (Pty) Ltd announced today that it has entered into an agreement with the Shoprite Group in terms of which the franchise division of Metcash is sold to Shoprite Checkers. read more

The Shoprite Group is the largest fast moving consumer goods (FMCG) retailer in Africa – selling food, liquor, general merchandise and furniture. Its various chains operate 1166 corporate stores and 328 franchise stores across 16 countries, giving it the biggest retail footprint across the continent. read more

Shoprite said its market share for June had risen to 34,4% this year from 32,9% last year. Over the same time, it said, Pick n Pay’s share had fallen to 31% from 32,9%. read more

Johannesburg - Shoprite Holdings [JSE:SHP], Africa's biggest grocer, booked a 16% rise in full-year profit as its mainstay South African customers warm up to spending due to decades-low interest rates and tentative economic growth.  read more

Cape Town - Sales of house-brand products - the so-called 'no name' brands - are growing significantly but for some time these have not been the cheapest options on shop shelves. read more

The battle for market share between South Africa's retail giants Shoprite Holdings and Pick n Pay seems to be hotting up. read more

Johannesburg – Shoprite Holdings [JSE:SHP] continues to assert its market leadership, analysts said on Thursday, after the group posted impressive sales figures for the financial year to end-June 2010. read more

Shoprite Holdings , SA ’s biggest retailer by market value, and Pick n Pay Stores were rated “buy” in new coverage at Avior Research on the outlook for margin growth and inflation. read more