South African grocery retailer Shoprite Holdings is to divest its operations in Ghana and Malawi markets.
The decision was announced by the company in its trading update for the 52 weeks ending 29 June 2025.
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On 6 June, Shoprite Malawi agreed to sell the assets linked to its business operations, which include five retail outlets.
The completion of this deal is contingent on conditions that must be met by October 2025.
These include securing approvals from the Competition and Fair Trading Commission and the Reserve Bank of Malawi.
In the same month, Shoprite Group received a definitive offer to sell both the assets and liabilities pertaining to its Ghanaian operations, encompassing seven retail stores and one warehouse.
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By GlobalDataThe transaction is “deemed highly probable”, leading to the classification of the operations in Malawi and Ghana as discontinued under IFRS 5 accounting standards.
In its trading statement, Shoprite reported a sales growth of 9.5% in its core business, Supermarkets RSA, marking five consecutive years of market share gains.
This segment accounts for 84.5% of the group’s total sales, with like-for-like sales growth of 4.8%.
During the reporting period, Shoprite core RSA operations opened 194 main banner supermarkets in South Africa: these included 43 Shoprite stores, 38 Usave stores, 29 Checkers stores and three Checkers Hyper stores.
The LiquorShop division also expanded with the addition of 36 Checkers and 45 Shoprite LiquorShops.
The company has indicated its intention to continue expanding its presence and reach in related categories where it currently has limited representation.
Shoprite anticipates an increase in headline earnings per share (EPS) from continuing operations, projecting a growth of 9.4% to 19.4% for the 52-week period.
The company projects an 8.9% increase in group sales from continuing operations, reaching R252.7bn ($14bn).
