Shoprite

Shoprite Raises Alarm Over Proposed VAT Increase in South Africa

5 days ago

In a recent statement, Shoprite Holdings, one of Africa's largest supermarket chains, cautioned against any impending increases to the Value Added Tax (VAT) in South Africa. The retail giant argues that elevating the VAT rate could place an additional financial burden on consumers already grappling with the rising cost of living.

Discovery & Shoprite Experience Profit Surge Amid South Africa's Economic Growth

6 days ago

In a recent financial report, Discovery Ltd. and Shoprite Holdings Ltd. have both showcased significant increases in their profits, attributed to the ongoing recovery of South Africa's economy. The data highlights a promising trend for the companies as they navigate the post-pandemic landscape, capitalizing on rising consumer confidence and spending.

Shoprite Reports 14% Profit Surge Driven by Increased South African Consumer Demand

6 days ago

In a notable financial announcement, Shoprite Holdings, the largest supermarket chain in Africa, has declared a remarkable 14% increase in profit, primarily fueled by rising demand among South African consumers. This growth reflects the resilience of the retail sector in Africa’s largest economy, which has been navigating an array of challenges, including fluctuating economic conditions and inflationary pressures.