Nedbank expects Shoprite to tighten grip on township economy

In the six months to December, Shoprite added 197 new stores to total 3,543 stores, adding 2,617 new jobs in the process

Financial services group Nedbank says Shoprite’s early inroads and heavy investment in the township economy, said to be worth more than R700bn, has put the retail giant in good stead to keep growing its market share — with its competitors a distant second...

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