A GOOD BUSINESS: A well-stocked Shoprite store in the Sanlam Building in Nelspruit, Mpumalanga, is open for shoppers to buy a wide variety of food
Image: ANDREW HLONGWANE
Image: ANDREW HLONGWANE
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Shoprite's share price jumped over 7% yesterday, making its biggest daily gain since 2008.
Its revenue for the three months to the end of September rose by 12.3% from the previous year, with its core South African supermarket business seeing a similar increase.
That performance far outstrips the local industry average of around 2% year-on-year growth in July and August, according to data from Stats SA.