Shoprite - DRC move may bear no fruits

Shoprite – DRC move may bear no fruits by Lans

October 14, 2009, 9:28 am
Filed under: Retail

Shoprite’s moves outside South Africa have stood it in good stead in the past 10 years, but its move into the Democratic Republic of the Congo (DRC) has been met with scepticism from retail analysts, who do not believe trading in the DRC will contribute significantly to the group’s earnings. The retail giant plans to start trading in the DRC by the end of next year after investing about R400 million. Some analysts believe the DRC move may be all talk and no show, as was the case with Egypt. – Florence de Vries

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