Shoprite
Shoprite sees lower annual earnings
The company said it expects headline earnings per share - the main profit measure in South Africa - to be in the range of 735.6 to 795.4 cents, as it took a...
City of Cape Town Law enforcement’s Wayne Dayson said several violent protests had erupted in areas across the metro.
The phasing out of exclusivity will involve waiving this clause as leases come up for renewal and Shoprite will not sign any new lease agreements that contain exclusivity clauses.
The Athlone CPFs Aziza Kannemeyer said that arrests had been made.
Those who worked closely with the infected staff member are now at home – and will remain in self-isolation for 14 days, monitoring themselves for any symptoms.
The company in a statement said there was a small possibility some tins had a canning deficiency, which could make the product unfit for consumption.
The shops were attacked after days of riots in South Africa chiefly targeting foreign-owned, including Nigerian, businesses.
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.
Why is Shoprite asking its shareholders to approve the payment of R3.3 billion to Christo Wiese in exchange for his high-voting shares?
Besides ordinary shares, Shoprite’s capital structure includes deferred shares which carry about 32.3 percent of the voting rights at Shoprite.
At 1510 GMT the rand was trading at 13.6200 per dollar, little changed from a close of 13.6000 on Tuesday.
At market open, shares in Shoprite plunged more than 16% before paring loses to trade 10.7% weaker at R159.47 at 0936 GMT.
At 1555 GMT, the rand traded at 13.8600 versus the dollar, down 0.25% from its previous close.
Business Insider SA went to Shoprite, Checkers, Pick n Pay, Makro and CNA to look at the price differences of some back-to-school basics. CapeTalk's Kieno Kammies finds out what the results were.
In a statement, the commission said Shoprite and Computicket had signed exclusive agreements that gave Computicket the ability to discriminate on prices.
Shoprite said every time a customer reuses its new 100% recycled and recyclable plastic bag, at Shoprite and Checkers stores, they will get 50 cents off their grocery purchase.
Headline EPS, the most widely watched profit gauge in South Africa, strips out certain one-off items.
Shoprite is suing its Namibian workers who allegedly went on a strike demanding improved working conditions and a 20% salary increase in 2015.
From big corporations to residents, most people are remembering the legacy of former president Nelson Mandela.