Shoprite Holdings Limited. JSE:SHP

Background of Shoprite
With its headquaters in South Africa, Shoprite Holdings Ltd. is an investment holding company whose combined subsidiaries constitute the largest fast moving consumer goods (FMCG) retail operation on the African continent.
This giant group today operates in 1751 corporate and 360 franchise outlets in 15 countries across Africa and the Indian Ocean Islands. Shoprite shares are listed for sale on the Johannesburg Stock Exchange (JSE), with secondary listings on the Namibian and Zambian stock exchanges.
Shoprite has a history of providing quality food and household items to buy at some of the most affordable prices possible, with a goal to target consumers of all income levels.
With a market cap of R311 billion, Shoprite is one of the JSE’s Top 10 biggest stocks, and one of the most popular to buy.
The Shoprite Group became part of the JSE Top 40 Index in 2008 and a solid Shoprite share price has maintained the group’s position as a blue-chip stock to buy ever since. The group has a massive annual turnover of more than R120 billion.
Shoprite Shares Growth Driver
Shoprite‘s South African supermarket division generates just more than 83% of total trading profit and has also continued dominating the country’s food retailing business in terms of trading area, number of outlets and loyal support from customers who buy its products. The brand has become immensely popular and renowned for its affordability and mass market appeal. In its main geography of South Africa, the customer base closely mirrors the demographic profile of the country, with more than 28 million customers shopping at the group’s supermarkets per month.
Growth has also been driven by catering not only to low income markets, but
also high and middle income groups. An ambitious and quick expansion has led to the group becoming the 107th largest retailer in the world, 41 places ahead of its nearest African rival.Despite a difficult 2015 financial year due to the global and local economic crises, the group managed to increase sales by 11.2% and increase market share for the ninth consecutive year. The group managed to contain internal food inflation at 4.6%, below the official inflation figure of 6.8%, which played a huge role in maintaining profitability.
Shoprite Group Investor Tip
Shoprite is continuing to grow its operations by catering to South Africa’s growing population, opening new stores in areas that were not previously served by the group. Meanwhile, the group continues to buy into its geographical distribution across Africa, has managed to open new stores and increase its employment base. This all signals a very healthy company which has a proven ability to weather a negative financial forecast and maintain Shoprite share price and dividends. The live online stocks chart shows a stable Shoprite share price for the past five years. As economic conditions improve, the group is likely to continue and improve on its status as Africa’s largest retail chain. Investors who purchase Shoprite shares will most likely see good long-term returns on investment.
Shoprite Major Shareholders
CH Wiese, Government Employees Pension Fund and Shoprite Checkers.
Sector
Consumer Staples
Industry
Consumer Staples
Sub industry
Food & Drug Stores
How to buy Shoprite Group Shares
Shoprite : How to buy Shoprite Group Shares Online
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Frequently Asked Questions
What is Shoprite?
South Africa’s largest food retailer with outlets in 15 countries across the African continent and Indian Ocean Islands.
Can you buy Shoprite shares online?
The website of SA Shares makes it easy for you to buy JSE listed shares online.
Who are major shareholders in Shoprite?
CH Wiese, Government Employees Pension Fund and Shoprite Checkers.
When did Shoprite list on the JSE?
1986
When was Shoprite founded?
1979