The Shoprite Group of Companies is Africa’s largest food retailer. The group operates a total of 2 934 outlets in 15 countries across the continent, as well as on the Indian Ocean islands, and employs more than 147 000 people.
Shoprite released its full-year results on 20 August, for the period ended 30 June 2019. Group turnover increased by 3.6% to R150.4bn (FY18: R144.4bn) year on year.
The group declared a final dividend of 163 cents per share, bringing the full year dividend to 319 cents per share, down by 34% compared to the prior period (FY18: 484 cents).
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