Shoprite Holdings Ltd (SHPJ.J)
|Market Cap (Mil.):||R94,432.20|
|Shares Outstanding (Mil.):||571.80|
JOHANNESBURG, Oct 29 - South African stocks inched to their highest close on record on Tuesday, helped by a rise in grocer Shoprite after it settled a labour dispute in Zambia.
* Shoprite agrees to wage hike of between 15 and 34 percent
* To open 46 news stores by year-end (Add details and background)
LUSAKA - Zambia threatened to shut Shoprite stores on Thursday, a move that could tarnish its image as an investor-friendly frontier market, after the South African retailer fired 3,000 workers who went on strike.
* Zambia attracted over $3 bln in FDI in H1 2013 (Adds Shoprite comments)
JOHANNESBURG - Shoprite , Africa's biggest grocer, is ramping up its expansion across the continent with 47 new supermarkets as its core South African consumer base grapples with high personal debt levels and growing fuel and transport costs.
* FY headline EPS up 11 pct (Adds analyst comment, expansion plans)
JOHANNESBURG, Aug 20 - Shoprite Holdings, Africa's largest retailer, said on Tuesday it plans to open 171 new stores by June 2014, including 47 outside its home market.
(Corrects to show FY sales figure is 92.7 billion rand, not 82.7 billion)
* Intra-African investment rising by more than 30 pct a year
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Shoprite Holdings Ltd: Business description, financial summary, 3yr and interim financials, key statistics/ratios and historical ratio analysis.
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