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Macro Finance

Shoprite Jumps as E-Commerce Boom Boosts Full-Year Profit

Bloomberg Markets·August 12, 2026·1 min read

Shoprite Holdings Ltd., Africa's largest supermarket chain, saw its shares climb the most in 11 months. The company said it expects earnings to rise as much as 14.7%, driven by higher sales at its e-commerce unit. The jump comes amid a broader e-commerce boom on the continent.

Read at Bloomberg Markets
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