Pick n Pay: Summers is back, but will the Ackermans check out?
The prodigal son’s return may usher in a new era for the retailer, which has languished under the Ackerman family’s control
Whitey Basson
Shoprite among firms that failed in Africa, Europe, Australia
Corporate South Africa is feeling the Covid-19 pinch. But is there space for growth domestically?
Shopping malls are ‘killing’ independent retailers
The Competition Commission’s Grocery Retail Inquiry has found national supermarket chains are putting small, independent players out of business
When CEOs call themselves activists and activists become CEOs
It shouldn’t surprise us that CEOs earn far more than workers, but what should is that CEOs have now become part of activism culture in South Africa.
The ‘hidden’ billions of SA’s elite executives
Sky-high salaries for top executives are one thing, but shares and dividends push overall incomes far higher.
Shoprite’s growth slows on weaker consumer spending
Shoprite has reported profit that matched estimates as growing pressure on consumers’ disposable income held back sales in its domestic market.
Walmart not making massive dent
The company has not proved to be the hungry giant the competition had feared and it will take more time to feel Walmart’s muscle.
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Big five fight for food market share
The Shoprite Group continues to lead the pack but the other retailers are pulling out all the stops.
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Showing CEOs the money
Remuneration report shows chief executives are rolling in it.
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Shoprite half-year earnings rise, but trouble ahead
South African retailer Shoprite reported a 55,1% rise in half-year headline earnings per share, as an emerging black middle class spent freely, but said it faced tougher times in the year ahead. Diluted headline earnings per share — the main profit measure in South Africa — rose to 128,4 cents, while revenue climbed 21,7% to R19,105-billion.
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Shoprite reports solid increase in earnings
South African supermarket group Shoprite Holdings on Wednesday reported a 33,3% increase in diluted headline earnings per share from continuing operations to 194,3 cents for the year ended June from 145,8 cents a year ago. The group’s total dividend is envisaged to increase by 38,4% to 101 cents per share.
