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Topic: Nigeria, Angola Deplete Shoprite’s Profit  (Read 929 times)

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Nigeria, Angola Deplete Shoprite’s Profit
« on: August 22, 2018, 01:02:30 PM »
Nigeria, Angola Deplete Shoprite’s Profit

By Ejiofor Alike with agency reports Africa’s biggest grocer, Shoprite yesterday reported its first annual earnings decline in 19 years for the year ended July 31, due to currency devaluation in Angola, foreign exchange fluctuations in Nigeria and a lacklustre showing in its home South African market and elsewhere on the continent. Reuters reported that […]


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