Page 6 - Checkers Hyper News Today

But there’s a big gap between the two supermarket retailers’ clothing efforts …

Shoprite Holdings Ltd (OTCMKTS:SRGHY – Get Rating) announced a dividend on Friday, March 31st, investing.com reports. Investors of record on Thursday, April 6th will be given a dividend of 0.0945 per share on Friday, April 21st. This represents a yield of 1.97%. The ex-dividend date of this dividend is Wednesday, April 5th. Shoprite Price Performance […]

Shoprite Holdings Ltd (OTCMKTS:SRGHY – Get Rating) shares traded up 0.4% during trading on Friday . The company traded as high as $12.08 and last traded at $11.94. 13,624 shares traded hands during trading, an increase of 180% from the average session volume of 4,867 shares. The stock had previously closed at $11.90. Shoprite Stock […]

It might seem like a grudge purchase, but for those who insured themselves against rolling blackouts it’s the best investment against government failure. Retailers are no different, although they are increasingly baulking at the cost of doing business in South Africa.

However, ongoing load shedding and price protection efforts eat away at trading profits and dividend growth.

Putting the supermarket giants diesel generator bill in context.

The past few months have had all the ingredients for disaster, yet Bidcorp has delivered results that are more than slightly palatable.

A record Black Friday and festive season helped Shoprite deliver double-digit first-half sales growth as it spent half a billion rand to keep the lights on during one of SA’s worst periods of load shedding yet.

Group spent R560m on diesel to keep stores trading during load shedding.

With SA bracing itself for the likelihood of ongoing load shedding for the foreseeable future, retailers are gearing up for a surge in demand for inverters, generators and gas appliances.