Uploaded September 2026 | Updated September 2026, 2 weeks ago
Shoprite reported a 6.4% increase in profit to R8.08 billion, while its dividend rose 12% to R8.73 per share, as the retailer continues to keep consumer price increases low. The group is also looking beyond traditional grocery retail, announcing plans to acquire Vida e Caffè’s 400 corporate and franchise stores. Shoprite Group CEO Pieter Engelbrecht discusses the retailer’s financial performance, its growth strategy and the planned expansion into the coffee market.
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Shoprite reported a 6.4% increase in profit to R8.08 billion, while its dividend rose 12% to R8.73 per share, as the retailer continues to keep consumer price increases low. The group is also looking beyond traditional grocery retail, announcing plans to acquire Vida e Caffè’s 400 corporate and franchise stores. Shoprite Group CEO Pieter Engelbrecht discusses the retailer’s financial performance, its growth strategy and the planned expansion into the coffee market.
Follow us on our new Facebook page: tinyurl.com/2p9m6y52 #Newzroom405
#BreakingNews #NewsToday #NewsUpdate #SouthAfrica #TopStories
Tune into Newzroom Afrika DStv channel 405 for more.
