Shoprite opens 262 new stores across South Africa as new brands take off

• Shoprite has indeed opened 262 new stores across South Africa as part of its rapid expansion.
• The expansion is driven by a 7.2% increase in total sales volume, with South African supermarkets contributing 84.5% to total group sales.
• The growth is expected to lead to a 9.7-14.7% increase in headline earnings per share, with the company forecasting a strong financial performance for the year.