Shoprite profit rises 7.7% as price cuts drive market share gains

By ThinkBusiness Africa Shoprite Holdings, South Africa’s largest grocer, reported a 7.7% increase in half-year headline earnings per share to 710.5 cents on Tuesday, defying a muted festive season by aggressively cutting prices and capturing market share through its digital Sixty60 platform. The group’s interim dividend was hiked by an...