Shoprite
National Consumer Commission probing 7 retailers over ginger, garlic price spike
The commission said that the investigation was launched following complaints by consumers about excessive price hikes since the national lockdown.
-
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 charge of R1.3 billion.
-
Shoprite truck petrol bombed, vehicles stoned as protests erupt in CT
City of Cape Town Law enforcement’s Wayne Dayson said several violent protests had erupted in areas across the metro.
-
Shoprite joins Pick n Pay in dropping exclusivity clauses in mall leases
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.
-
Retail store looted in Athlone despite lockdown
The Athlone CPFs Aziza Kannemeyer said that arrests had been made.
-
Shoprite store in Bothasig closed after staffer tests positive for COVID-19
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.
-
Shoprite, Checkers supplier recalls 400g pilchards in tomato sauce products
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.
-
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.
-
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.
-
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?
-
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.
-
#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.
-
Shares in South Africa's Shoprite dive after profit warning
At market open, shares in Shoprite plunged more than 16% before paring loses to trade 10.7% weaker at R159.47 at 0936 GMT.
-
#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.
-
[LISTEN] Where to find the best back-to-school deals
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.
-
Shoprite charged with anti-competitive behaviour, shares fall
In a statement, the commission said Shoprite and Computicket had signed exclusive agreements that gave Computicket the ability to discriminate on prices.
-
Shoprite to pay SA customers for reusing plastic bags
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.
-
Shoprite posts surprise drop in FY profit
Headline EPS, the most widely watched profit gauge in South Africa, strips out certain one-off items.
-
Numsa backs ‘boycott Shoprite’ call over Namibian case
Shoprite is suing its Namibian workers who allegedly went on a strike demanding improved working conditions and a 20% salary increase in 2015.
