Eskom power cuts sees City Power suspend maintenance work on infrastructure
Business
Shoprite
Several Shoprite stores in South Africa, Nigeria and Zambia closed
The shops were attacked after days of riots in South Africa chiefly targeting foreign-owned, including Nigerian, businesses.
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Annual earnings at Shoprite miss estimates
Shoprite is recovering from a poor first half when sales and profit were hit by a strike at its largest distribution centre at home and installation of a new enterprise IT system which disrupted supply chains.
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Why Shoprite wants to pay Christo Wiese R3.3bn
Why is Shoprite asking its shareholders to approve the payment of R3.3 billion to Christo Wiese in exchange for his high-voting shares?
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Shoprite cuts chairman Wiese's voting influence
Besides ordinary shares, Shoprite’s capital structure includes deferred shares which carry about 32.3 percent of the voting rights at Shoprite.
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#RandReport: Rand steady before Fed's policy decision, stocks down
At 1510 GMT the rand was trading at 13.6200 per dollar, little changed from a close of 13.6000 on Tuesday.
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#RandReport: Rand retreats, Naspers lifts stocks
At 1555 GMT, the rand traded at 13.8600 versus the dollar, down 0.25% from its previous close.
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Shoprite posts surprise drop in FY profit
Headline EPS, the most widely watched profit gauge in South Africa, strips out certain one-off items.
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Steinhoff investor Wiese sells part of Shoprite stake
This comes after Christo Wiese's exposure to scandal-hit retailer Steinhoff dented his fortune.
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SA’s Shoprite lifts full-year profit, meets forecasts
Headline EPS, the most widely watched profit gauge in South Africa, strips out certain one-off items.
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Shoprite CEO to retire in December
'Whitey' Basson will be replaced by the company’s Chief Operating Officer Pieter Engelbrecht.
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Cosatu: Basson’s R100m payment ‘obscenely vulgar’
The federation has accused Shoprite of exploiting workers by paying them slave wages.
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Cosatu slams Shoprite decision to pay CEO R100m
The union has called Whitey Basson’s R100m salary award a slap in the face for workers.
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OPINION: To transform Africa’s economies, African companies matter too
Zainab Usman says the role of the domestic African private sector remains poorly understood by outsiders.
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SA aims to finish inquiry into grocery market in 2017
Shoprite, Pick n Pay, Spar & Woolworths make up more than 90% of the $18 billion a year grocery market.
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Shoprite Group raises concern over price benefit on chicken imports
The group says that at least half of the 65,000 tons of chicken quota will be given to middlemen.
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Shoprite found guilty of ‘reckless lending’
Shoprite Investments & Shoprite Insurance Company Limited will now have to face a tribunal.
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Game stores close shop in Malawi over anti-xenophobia protests
Massmart group says it had to consider the safety of their customers ahead of anti-xenophobia protests.
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Shoprite posts slightly faster H1 profit growth
Shoprite, which runs nearly 200 outlets in Africa, said sales increased 12 percent to R57,4 billion.
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Shoprite snaps up Wetherlys from Ellerines
SA retailer Shoprite is buying Wetherlys stores from the unit of a failed credit lender African Bank.
