Shoprite’s annual profit rises 10.5%

Retailer Shoprite Holdings increased its turnover over the past year, growing 10.5 percent to about R102.2 billion ($9.55bn). The group increased its total turnover for the 12 months to June 2014, compared with the corresponding 12 months of 2013. Growth on a like-for-like basis was 5.1 percent. Sho