Shoprite

The South African retail group Shoprite released half year sales figures on Monday showing growth of 13.8 per cent to R46.7bn ($5.3bn) during the six months to the end of December.

For supermarket groups in places like the UK, these are figures to die for – but for Shoprite, in its fast growing African markets, they come as something of a disappointment. Shares in the retailer had dropped by almost 6 per cent per cent on the Johannesburg Securities Exchange as of 15.00 GMT. Read more