South Africa's Shoprite shifts investment focus to the rest of Africa as profit slows

Shoprite Holdings Ltd. (SHP), South Africa’s biggest food retailer, is shifting its investment focus to the rest of the continent as sales in its home market slow and full-year profit missed analysts’ estimates. The shares fell the most in 19 months.

Read more: Shoprite Shifts Investment Focus to Africa as Profit Slows – Bloomberg.

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