Our Success Story

 

From the moment the Shoprite Group opened its very first stores in 1979, it had a bold vision for the future. One that would see the Group grow from strength to strength with new acquisitions and innovative expansion strategies building it into the leading food retailer it is today.

With 2689 outlets in 15 countries across Africa and on Indian Oceans islands, employing almost 144 000 people, the Group continues to seize new opportunities for growth and even greater success in years to come.

1979 – Proud beginnings in the Western Cape-province of South Africa

 

1979:

The story of the Shoprite Group starts in November 1979 with Pep Stores’ purchase of a small 8-store Western Cape grocer with less than 400 staff members and a value of R1 million, named Shoprite, from the Rogut family. 

1980’s – Shoprite goes national

 

1980:

Our Group’s vision is set – focusing on the middle-to-lower income market and supplement internal growth with acquisition of promising supermarkets or groups of supermarkets.

 

1983:

The Shoprite Group expands to the Northern Cape and opens its first branch outside the Western Cape, in Hartswater.

Shoprite celebrated the opening of its 21st outlet within four years of its existence.

 

1986:

The Group expands to the Free State by opening a store in Bloemfontein. 

Shoprite is listed on the JSE Limited in South Africa with a market capitalisation of R29 million.

The Group then operated 33 outlets.

 

1988:

Shoprite ventured over the Vaal River and opens two stores in the former Transvaal province, the first of which was situated in Polokwane (Pietersburg).

1990’s – Expansion into Africa starts

 

1990:

Shoprite opened in Windhoek, Namibia; the start of its expansion across the African continent.

Grand Bazaars was acquired in the same year and the Group then operated 71 stores with just over 6000 staff members.

 

1991:

The Group grows with the acquisition of the national Checkers chain of supermarkets which operated 169 stores with 16 500 staff members for R55 million.  Overnight Shoprite increased its footprint almost fourfold to 241 outlets and a staff compliment of almost 22 600.

 

1995:

While consolidating that new business, which for the first time gave Shoprite country-wide representation, expansion plans for the rest of the continent was put into action and the Group was able to open its first Shoprite store in Central Africa, in Lusaka, Zambia during October 1995.

During that same year, Shoprite acquired a central buying organisation then known as Sentra, which acted as a buying group for 550 owner-manager supermarket members and so entered into the franchising field, enabling it to compete in smaller, convenience-orientated markets.

 

1996:

The Group launches the Woman of the Year Award to mark National Women’s Day. This prestigious award became South Africa’s premier accolade for achievement by women.

 

1997:

Shoprite acquired the ailing OK Bazaars Group from SAB in the legendary "R1 deal". This strategic expansion move added 157 super- and hyper-sized supermarkets and 146 furniture stores to the Group, whilst saving 14 091 jobs.  This marked the Group’s first store in Swaziland.

 

1998:

The Group’s cross-border expansion now also saw it opening its first supermarket in Botswana in 1998.

2000’s – Brand distinction and investment in supplementary services

 

2000:

The Group opened its first supermarkets in in Uganda, when Shoprite Clock Tower in Kampala opened in November 2000 and in Zimbabwe with the opening of a store in Bulawayo Centre (it divested from the country in September 2013).

 

2001:

The first of seven supermarkets opens in Egypt, taking Shoprite into the North African market (during 2006 the Group divested from Egypt due to ongoing restrictions on retailing). In August 2001 the Group also starts operating in Malawi when it opened a Shoprite store in Lilongwe.

The decision is made to market the Shoprite and Checkers brands separately, with Checkers repositioned to compete within middle-to-higher income market.

 

2002:

October of this year saw the acquisition of five supermarkets and a distribution centre from the French-owned Champion supermarket group in Madagascar.

The first Shoprite Hyper beyond South African borders opened in Mauritius in November 2002, as Shoprite Hyper Trianon – at that time achieving the highest turnover ever recorded for a single opening day of trade.

Shoprite acquires Score Supermarkets' Tanzanian operation comprising three supermarkets and a small distribution centre (selling it to a competitor again in March 2014 in order to focus on investment opportunities elsewhere).

Shoprite Holdings launched a secondary listing on the Namibian Stock Exchange.

 

2003:

Shoprite Holdings opens a secondary listing on the Lusaka Stock Exchange (LuSE) with 2,7 million shares at 4,200 Kwacha per share whilst the Group’s main listing remains on the JSE Limited.

The Group opens its first Angolan store in Luanda and with the rollout of its highly successful new Usave format entered Ghana in September 2003, as it opened in Newton, in the capital city of Accra.

 

2004:

The Group starts trading as a wholesale operation in India and franchises its first Shoprite Hyper in this country, in a modern shopping centre in Mumbai.  However, it divested from the country six years later to focus on investment opportunities in commodity rich countries of Western Africa.

 

2005:

The Group acquired both Foodworld with 13 stores, and Computicket, as well as opening the first Shoprite LiquorShop.

In December 2005 Shoprite entered Nigeria, the world’s fifth largest oil producer, when it opened a supermarket in a new shopping centre in Lagos.

 

2008:

The Group is added to the JSE Top-40 Index of blue-chips

 

2009:

The Group becomes South Africa's largest grocery chain by market value and is added to the Merrill Lynch & Co. list of most preferred stocks.

The Group acquires Transpharm, a pharmaceutical wholesale company.

2010’s – Being the largest retailers in Africa

 

2011:

In March, the Group acquires the franchise division of Metcash Trading Africa (Pty) Ltd  which included trade names such as Friendly, Seven Eleven and Price Club Discount Supermarket.  These members were integrated into the Group’s OK Franchise Division.

Shoprite Holdings increases its global ranking from 130 in the previous year to 95th − Deloitte Global Powers of Retailing Survey

 

2012:

The Group started the year on a high note by moving up another three places on the Global Powers of Retailing list to a global ranking of 92nd, while solidly maintaining its 1st place ranking in Africa and the Middel East.

In April, Shoprite became the first South African retailer to enter the Democratic Republic of Congo (DRC) as it opened the doors of a new world-class supermarket in Gombe, Kinshasa to an eagerly awaiting public.

 

2013:

Financial Mail’s Top Companies ranks Shoprite Holdings as 11th in the 2013 SA Giants list.

The Deloitte’s Global Powers of Retailing survey names Shoprite Holdings the largest retailer in Africa and the 93rd biggest in the world.

The Group created a record 9 201 job opportunities during the year.

Checkers introduces the first plastic shopping bag in South Africa that is produced from 100% recycled material.

 

2015:

Shoprite Holdings was named the number one retailer in Africa and the Middle East in the Deloitte Global Powers of Retailing survey.  It classed the Group the 107th largest retailer in the world, 41 paces ahead of its nearest rival.

 

2016:

As at June 2016 some 76% of South Africa's total adult population – more than 29 million customers – shops at one of the Group’s supermarket brands.

During the financial year, the Group had a record 1 billion transactions in a single year (equal to 86 customers served per second) and the Group reported turnover of more than R130 billion for the year ended June 2016.

2017:

Starting January, Pieter Engelbrecht, a chartered accountant by profession, became the second Chief Executive Officer in the almost 40 year history of the Group. With 20 years’ experience in the Company and fulfilling the role of Chief Operating Officer since 2005, he took over from long-serving retail giant, Whitey Basson, who served on the Shoprite Holdings board as Non-Executive Vice-Chairman, until 25 October 2017.

The Shoprite Group delivered industry-leading results for the 2017 financial year (ended 2 July 2017), defying tough market conditions. Serving over 35 million individual customers on the African continent, the Group gained market-share and grew trading profit 11.6% (15.7% compared to 52 weeks) to R8 billion.