Shoprite reports turnover rises 9,5%

In a statement, the company says growth on a like-for-like basis was 2,8% while December sales grew 11,9%. But the company says the performance must be seen against internal deflation of 1,2% for the six-month period.

Its supermarket operation in South Africa increased sales by 8,4% and by 3,2% but due to the continued weakening of most non-RSA currencies against the rand, the turnover of the Group's external supermarkets in rand terms increased by only 3,0%.