Shoprite nears Africa consolidation finish line, with Mozambique under possible review

Shoprite nears Africa consolidation finish line, with Mozambique under possible review

Shoprite Holdings, SA's largest supermarket chain, has largely completed the consolidation of its operations across Africa, but Mozambique is on the list of countries that might be reviewed, the CEO told Reuters on Tuesday.

Businesses pray for a blue flame

Good afternoon. News that South African supermarket chain Shoprite is considering closing its stores in Mozambique will add to the generally lukewarm sentiment among businesses. In some ways, it is not very surprising. Two Shoprite stores, one in the town of Macia in Gaza province and one in the Magoanine neighbourhood of the city of Maputo, were damaged during the nationwide protests last year, and have not been reopened. The political climate …