Africa’s biggest grocer Shoprite reported its first annual earnings decline in 19 years, due to currency devaluation in Angola and South Africa’s current economic environment. The company reported diluted headline earnings per share of 968.7 cents down 3.8 per cent. Joining CNBC Africa is Pieter Engelbrecht, CEO, Shoprite.
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Shoprite FY earnings decline as cash strapped consumers cut spending
PUBLISHED: Tue, 21 Aug 2018 15:25:03 GMT
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