Shoprite targets informal retail with fintech expansion
Shoprite’s trading profit increased 8.4% to R16.2 billion, while gross profit rose 8.1% to R66.5 billion for the 52 weeks ended 28 June. Shoprite has expanded its push into South Africa’s informal economy and digital financial services after finalising the acquisition of an initial 51% stake in R&A Cellular. According to the retail group’s latest…
