{"id":8189,"date":"2012-02-22T02:23:30","date_gmt":"2012-02-22T00:23:30","guid":{"rendered":"http:\/\/www.myza.co.za\/02\/update-2-shoprite-sees-scope-for-700-stores-in-nigeria\/"},"modified":"2012-02-22T02:23:30","modified_gmt":"2012-02-22T00:23:30","slug":"update-2-shoprite-sees-scope-for-700-stores-in-nigeria","status":"publish","type":"post","link":"https:\/\/www.myza.co.za\/press\/update-2-shoprite-sees-scope-for-700-stores-in-nigeria\/","title":{"rendered":"UPDATE 2-Shoprite sees scope for 700 stores in Nigeria"},"content":{"rendered":"<p>\t\t<span><\/span><\/p>\n<p>* H1 headline EPS at 280.8 cents vs 236.8 cents<span><\/span><\/p>\n<p><span><\/span><\/p>\n<p>* Sales at 41 billion rand vs 33.1 billion rand<\/p>\n<p><span><\/span><\/p>\n<p>* Shares little changed<\/p>\n<p> (Adds CEO comment, updates shares)<\/p>\n<p><span><\/span><\/p>\n<p>By Tiisetso Motsoeneng<\/p>\n<p><span><\/span><\/p>\n<p>JOHANNESBURG, Feb 21 &#8211; Nigeria has the potential to<br \/>\nbecome as big a retail market for South Africa&#8217;s Shoprite<br \/>\n as its home base, the head of the supermarket chain<br \/>\nsaid on Tuesday, playing down concerns of rising poverty in<br \/>\nAfrica&#8217;s most populous country.<\/p>\n<p><span><\/span><\/p>\n<p>&#8220;Several cities in Nigeria have populations of more than 8<br \/>\nmillion people. I can&#8217;t say all of them have the same spending<br \/>\npower, but Nigeria can support the same number of supermarkets<br \/>\nas South Africa,&#8221; Shoprite chief executive Whitey Basson told<br \/>\nReuters in an interview.<\/p>\n<p><span><\/span><\/p>\n<p>&#8220;Even if you have 60 percent of the population living in<br \/>\npoverty, 40 percent of the Nigerian population is still bigger<br \/>\nthan the South African population.&#8221;<\/p>\n<p><span><\/span><\/p>\n<p>Shoprite, which reported a 19 percent rise in first-half<br \/>\nearnings on Tuesday, runs about 950 supermarkets with 729 of<br \/>\nthose in South Africa and two stores in Nigeria.<\/p>\n<p><span><\/span><\/p>\n<p>It plans to open 12 more stores outside of South Africa by<br \/>\nthe end of June, including in the Nigerian cities of Illorin and<br \/>\nAbuja. It also plans to enter the Democratic Republic of Congo.<br \/>\n\u00a0 <span class=\"label\"><strong>Continued&#8230;<\/strong><\/span><\/p>\n<p><span><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>* H1 headline EPS at 280.8 cents vs 236.8 cents * Sales at 41 billion rand vs 33.1 billion rand * Shares little changed (Adds CEO comment, updates shares) By Tiisetso Motsoeneng JOHANNESBURG, Feb 21 &#8211; Nigeria has the potential to become as big a retail market for South Africa&#8217;s Shoprite as its home base, [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","ngg_post_thumbnail":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[1],"tags":[830,2370,183],"class_list":{"0":"post-8189","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-south-africa","7":"tag-news","8":"tag-reuters","9":"tag-south-africa-2","10":"entry"},"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/8189","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/comments?post=8189"}],"version-history":[{"count":0,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/8189\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/media?parent=8189"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/categories?post=8189"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/tags?post=8189"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}