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The aggressive expansion of Shoprite is showing no signs of abating, with SA's largest grocer earmarking R8.5 billion in capital expenditure for its 2024 year as it invests in store expansion and its supply chains.
This amount also includes upgrades to the 51 stores the group officially acquired from Walmart-owned Massmart in late 2022, and comes as it continues a streak of market share gains that has reached 58 consecutive months.
Reporting results for its six months to end-December, Shoprite said it had added a net 197 stores to a portfolio that now counts 3 543, creating 2 617 jobs in the process.
