Township property owner Jason McCormick on coming back stronger
The McCormick family has billions of rand in exposure to rural property developments all across the country.
The McCormick family has billions of rand in exposure to rural property developments all across the country.
‘There are 25m customers through our stores every month, so one can understand how critical it is for our people to be vaccinated’, said Pieter Engelbrecht.
Sales at the South African supermarkets business, which accounts for the bulk of income, climbed 5.6% in the first half, reports Bloomberg.
Shoprite Holdings reappointed Christo Wiese as chairman even after ordinary shareholders resoundingly voted against his re-election as a non-executive director.
2018 was a transformational year for Shoprite, whose interim results were affected by a number of factors.
Shoprite Holdings’ lower-income South African customers are struggling and it’s weighing on the profitability of Africa’s biggest supermarket chain.
Shoprite defied market conditions as it reported a 12 percent increase in full year headline earnings per share to R10.07.
Shoprite will focus on expansion outside Africa after talks with Steinhoff to create the continent’s biggest retailer fell apart.