date:Oct 30, 2013
a year earlier, as local market conditions worsened and South African consumers came under increasing pressure, Cape Town-based Shoprite said.
South African consumer confidence reached a 10-year low in the three months through September as inflation pressures curbed spending and demand for credit.
In its non-domestic African unit, sales gained 16 percent, compared with 26 percent in the previous year, Shoprite said, without quantifying the sales. The grocer opened 14 new shops outside South A