Africa’s biggest grocer, Shoprite Holdings, lifted annual earnings by 12.2%, as its Checkers Sixty60 delivery service and unrelenting price discipline held market share through a year of squeezed South African budgets, even as the group pushed into informal payments and coffee shops.
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# South Africa: How Shoprite’s ecosystem strategy delivered over $15bn in sales
Strategic bolt-on deals for Vida e Caffè and fintech platform R&A Cellular mark an aggressive push into everyday consumer spending across Southern Africa.