Lender African Bank has reported improved profit growth of nearly 40%, as the number of loans it gave to its retail customers grew to exceed pre-pandemic levels, boosting revenue earned from interest.
The Shoprite Group is the first South African retailer to pilot a heavy-duty electric truck as part of its fleet, and 28-year-old Robin Jooste from Colorado Park, Mitchells Plain has been selected to drive it.
With a driving range of about 350km when carrying a load of 40 tonnes, the truck will be used for local deliveries and will be recharged using renewable energy generated by Shoprite’s existing solar installations.