- Shoprite, one of South Africa's biggest supermarket franchises, have suffered under robberies
- The company's CEO revealed that between July 2017 and June 2018 they have been robbed 489 times
- The robberies have negatively affected the company's performance
The Shoprite franchise had an incredibly tough year so far. Across the country, the franchise has been targeted by criminals and robberies became a daily thing.
Between July 2017 and June 2018 Shoprite shops have been robbed 489 times.
The South African reported that Pieter Engelbrecht, the Shoprite CEO, said the company has been to war for the past year.
Engelbrecht spoke at the Group's Results Presentation and detailed all the problems faced by the Shoprite company.
It is almost as if the franchise was being targeted in an organised manner, with Shoprites shops being robbed every single day.
This, of course, impacted business for the company. People are wary to shop at a place that might get robbed.
Other factors have also affected the franchise, such as the record high petrol prices, VAT increase, Listeriosis and service delivery protests.
It has indeed been a tough year for Shoprite. The company's share prices have gone down with 4%. In the rest of Africa, markets fell with 7%.
The worst thing is probably the fact that Shoprite's competitor, Pick n Pay, have grown with 8% while Shoprite only showed growth of 3%.
One positive aspect is the company's massively growing liquor store numbers. With 440 liquor stores, Shoprite has cemented that at least.
Do you have a story to share with us? Inbox us on our Facebook page and we could feature your story.
Enjoy the silly Cartoon Comedy: When Adam Met Eve and take a look at what else is happening on Briefly South Africa's YouTube channel.