Shoprite News

Shoprite Holdings - An African consumer powerhouse

Shoprite Holdings - An African consumer powerhouse: Peter C. Thoms, CFA, Founder, Africa Capital Group

Shoprite Holdings Ltd., the South Africa-based supermarket chain, is our single largest holding in the retail industry in our Africa investment strategy.

Christoffel Wiese is a South African businessman and billionaire who built Shoprite Holdings Ltd., a supermarket retailer, from the ground up. Credit: Waldo Swiegers/Bloomberg/Getty Images/The Africa Report

Monopoly Money: The successes and failures of South African billionaire Christoffel Wiese

One of South Africa’s richest business leaders talks about his commercial successes and failures, the debates about race and economics in South Africa and his criticism of the government.

Shoprite

Africa growth to rebound in 2017: Africa Capital Group (Infographic)

After the U.S. election in November, many Africa investors became concerned that a move toward a more isolationist trade policy in the U.S. would hinder business, trade and capital flows to and from Africa.

Jacob Zuma, President of South Africa

South African Stocks Poised for Long-Term Gains Despite Zuma's Maneuverings: Ryan Hoover, Portfolio Manager, Africa Capital Group

Late last month, South Africa’s increasingly unpopular president, Jacob Zuma, unceremoniously sacked his well-regarded Finance Minister, Pravin Gordhan.

Steinhoff-Shoprite merger talks collapse as sides fail to agree on terms

Steinhoff-Shoprite merger talks collapse as sides fail to agree on terms (Infographic)

A successful deal would have created Africa’s biggest retailer. Shares of both companies jump as news ends antitrust concerns over deal.

Nakumatt just sold a 25% slice of itself to an investment fund. Credit: qz.com/Reuters/Thomas Mukoya

Nakumatt and Shoprite are attracting interest from international investors for their fast-growing markets (Infographic)

The investment case for Africa requires taking the long view, especially when it comes to thinking about serving consumers on the continent.

Retail Africa: Africa's next retail giant

Retail Africa: Africa's next retail giant?

Steinhoff and Shoprite are planning to merge their African retail operations in a stock-for-stock deal, as announced in December.

The checkout at Shoprite, Africa's biggest food retailer, in a shopping center in Warri, a fast-growing city in Nigeria's oil-producing region. Credit: nytimes.com

Shoprite & Steinhoff plot massive merger

Retail giants Shoprite and Steinhoff plan to merge to form what will indisputably be one of Africa’s largest retail businesses.

Why online marketplaces are not helping e-commerce grow in Nigeria: Oyihoma Saleh, CEO, Kosava Deals

Why online marketplaces are not helping e-commerce grow in Nigeria: Oyihoma Saleh, CEO, Kosava Deals

Nigerians are certainly warming to the idea of shopping online —  especially through mobile  — and this is widely expected given how suited the concept is for addressing the needs of an underserved population with a fast-growing middle class.

Novare Matola (Illustration), Maputo, Mozambique

Novare Africa Property Fund II closes with $350 million for investment

Novare Africa Property Fund II, the fund with a mandate to invest in retail and commercial real estate in sub-Saharan Africa outside of South Africa, has announced its final close at the end of June 2016.

Cape Town, South Africa. Photograph: Eric Nathan/Alamy

A New Map for Business in Africa

Only a few years ago, Africa was being dubbed “the next Asia,” and multinationals watched with mounting interest as local economies boomed across the continent.

South African supermarket chain Pick n Pay to partner with AG Leventis in Nigeria expansion move

South African supermarket chain Pick n Pay to partner with AG Leventis in Nigeria expansion move

South African supermarket operator Pick n Pay plans to expand into Nigeria next year through a partnership with a local conglomerate, as it seeks to reduce its reliance on its home market, it said on Tuesday.

Derrick Roper, CEO, Novare Equity Partners. Source: financialmail.co.za

Africa's emerging markets will come back into view: Derrick Roper, CEO, Novare Equity Partners

Private equity fund managers, who adopt longer term time horizons than traditional asset managers, are showing renewed interest in African investment opportunities.

Ikeja City Mall, Lagos, Nigeria

Private equity firm Actis exits its investment in Nigeria's Ikeja City Mall

Ikeja City Mall in Lagos has been sold for an undisclosed amount to two South African property funds, Hyprop Investments Limited and Attacq Limited.

$60M Achimota Retail Centre in Ghana opens

$60M Achimota Retail Centre in Ghana opens

The latest shopping mall development to be complete in Ghana – the $60 million Achimota Retail Centre located in north-eastern Accra – opened its doors today to the delight of locals.

Choppies Plans Sub-Saharan Africa Expansion in Market Share Push

Choppies Plans Sub-Saharan Africa Expansion in Market Share Push

Choppies Enterprises Ltd., the Botswanan supermarket chain that listed in South Africa in May, plans to open about 30 stores in the year through June and may also expand via acquisitions as the retailer seeks to increase market share in the region.

Tesco, Asda and Sainsbury's might soon face tough competition if Africa's retail titan gets his way. (Reuters/Neil Hall)

A South African tycoon is buying up some of Britain's most precious assets: its shops

Christo Wiese, the South African businessman behind Africa’s largest retailer, Shoprite, has his sights on entering the grocery sector in Britain through a possible acquisition.

A wall of mixed retail opportunity (Reuters/Siphiwe Sibeko)

The most promising retail markets in Africa are in countries people rarely talk about

It is rarely mentioned countries, like Gabon, Botswana and Angola, that are increasingly becoming attractive for multinational retailers looking to launch and expand on the African continent, according to a new report.

Shoprite is cementing its standing as Africa's retail giant. (Reuters/Staff)

South Africa's Shoprite supermarket has the edge on Walmart's Nigeria plans

Get ready for the Nigerian supermarket wars. Within weeks of each other, two major retailers have announced their intention to battle it out in Africa’s largest consumer-goods market.

Shoprite to accelerate Africa expansion

Africa's biggest retailer Shoprite to accelerate Africa expansion

South Africa’s Shoprite Holdings, Africa’s biggest retailer by sales, will open nearly twice as many stores on the rest of the continent this year as in 2014, chief executive Whitey Basson said on Tuesday.

Supermarket group Choppies wants to have 200 stores by the end of next year

Opportunities multiply as African ventures eye wider horizons

When Choppies opened its first store in Lobatse, a small town in Botswana, its ambition was limited to becoming a retailer of substance in its domestic market.

Walmart: From Arkansas to Lagos (AP Photo/Danny Johnston)

Walmart is planning to open retail outlets in Nigeria

Walmart, the world’s largest retailer by revenue, is in advanced talks to open big box stores in Lagos, Nigeria’s economic hub.

Delta Mall, Warri, Nigeria. Credit: estateintel.com

Resilient Africa is Investing $271M in shopping malls across Nigeria

By year-end 2016, Resilient Africa is set to have invested $271m developing shopping malls in 2nd tier cities across Nigeria.

Nigerians protesting outside the South African embassy.(AP Photo/Gbenga Olamikan)

If Nigeria shut down local South African businesses, who would it hurt more?

The disturbing reports of xenophobic attacks in South Africa have dominated headlines in recent weeks and predictably, the terrifying events have sparked angry reactions from Africans across the continent shocked by the violence.

Billionaire businessman Christo Wiese is the fourth-richest South African with a personal fortune of $7 billion, according to the Bloomberg Billionaires Index. Photographer: Hetty Zantman/Financial Mail/Gallo Images/Getty Images

South African billionaire Christo Wiese has $2B to spend after Virgin Active deal

Brait SE, the Johannesburg-listed company that last week agreed to buy British health-club provider Virgin Active, has a further $2 billion to spend on deals, according to its largest shareholder and billionaire Christo Wiese.

French retailer Carrefour to inaugurate 1st store in Kenya this year

International store chains coveting strong growth prospects in Kenya's retail market

Nakumatt and other local retailers have long served Kenya’s market but now international store chains and private equity investors are also coveting the strong growth prospects in east Africa’s leading economy.

Royal Gardens Mall, Lekki, Lagos, Nigeria

Five private equity funds targeting real estate investments in Nigeria (Photos)

Africa focused Private Equity (PE) has developed impressively over the last two decades, in terms of volume, quality of transactions, and performance.

Steers

South Africa's Famous Brands, owner of Debonairs Pizza and Steers burgers, in partnership talks with Shoprite on Nigeria

Famous Brands Ltd. (FBR), the South African owner of fast-food chains including Debonairs Pizza and Steers burgers, is in talks with supermarket operator Shoprite Holdings Ltd. (SHP) about expanding a partnership to Nigeria and Zambia.

Central Business District (CBD), Abuja, Nigeria

Nigeria beyond 2015: Insights on Africa's largest economy

Last year Nigeria became the largest economy on the continent, surpassing South Africa with a GDP valued at US$519bn.

A shopper peruses the grocery aisles at the South Africa–based Shoprite in the three-year-old Ikeja City Mall. Photo credit: nationalgeographic.com

Global X MSCI Nigeria ETF: Speculative multi-year play approaching attractive valuation

The bet is a very long-term (multi-year) play on: (1) Earnings growth; and (2) Increased multiples assigned to equities by market participants as Nigeria’s markets mature.

Shop4u

New online shopping service Shop4u launches in Lagos

Same day grocery delivery service, Shop4u, begins operations in Lagos this week.

Brand Africa 100 - 2014

Fact of the Day: MTN is the most valuable brand in Africa - Brand Africa announces top 100 brands in Africa for 2014

The annual ranking of the most admired and most valuable brands in sub-Sahara Africa, Brand Africa 100, was announced earlier today at the Nairobi Securities Exchange, in Nairobi, the capital of Kenya.

Lola Olusola, Founder of Ella.ng

Ella has better eyes for fashion than Jumia and Konga: Lola Olusola, Founder of Ella.ng

Lola Olusola, Founder of Ella.ng a 440.ng startup that focuses on female fashion has said the one-year old platform is better positioned to cater for the fashion needs of Nigerian middle class businesswomen than e-commerce giants Konga and Jumia.

Ceddi Plaza, Abuja, Nigeria

New generation of Nigerian consumers is drawing retailers from all over the world

At the turn of the century well-off Nigerians struggled to shop in style. Most had to jostle in local markets to buy food or travel to the UK, US or Middle East to replenish their wardrobes.

The Abraaj Group

The Abraaj Group buys majority stake in leading South African FMCG manufacturer, Liberty Star Consumer Holdings

The Abraaj Group (‘Abraaj’ or ‘The Group’), a leading investor operating in global growth markets, today announced the acquisition, through its Funds, of a majority stake in Liberty Star Consumer Holdings (‘Libstar’ or ‘the Company’), one of the largest unlisted food and personal care manufacturers in South Africa.

To make it big in Africa, a business must succeed in Nigeria, the continent's largest market

To make it big in Africa, a business must succeed in Nigeria, the continent's largest market

IN 2001 MTN, a fledgling telecoms company from South Africa, paid $285m for one of four mobile licences sold at auction by the government of Nigeria.

Shoprite

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.

Three Nigerian city clusters that will increasingly compete with Lagos

Three Nigerian city clusters that will increasingly compete with Lagos

Nigeria’s retail and wholesale trade industry has the potential to grow by 7.1% per year, and by 2030 could be the largest contributor to the country’s GDP, according to recent report by McKinsey Global Institute.

Acha Leke, Partner, McKinsey

Nigeria Seen by McKinsey in World's Top 20 Economies by 2030: Acha Leke, Partner, McKinsey

Nigeria has the potential to be one of the world’s top 20 economies by 2030 with a consumer base exceeding the current populations of France and Germany, according to McKinsey & Co.