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Shoprite Holdings

Shoprite Holdings is the largest South African retailer by market capitalisation, sales, profit, employees and customers, operating across eight African countries.

Last updated September 15, 2026

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Overview

The Shoprite Group is South Africa's largest retailer by market capitalisation, sales, profit, employee count and customer base, and describes itself as Africa's largest fast-moving consumer goods retailer. Its core business is food retailing, complemented by furniture, pharmaceuticals, clothing, hospitality, ticketing, digital commerce, and financial and cellular services. Since opening its first stores in 1979, the Group has expanded beyond South Africa into seven other African countries, with over 174,000 employees, thousands of stores and a network of distribution centres across Africa. Its stated purpose is to uplift lives every day by pioneering access to the most affordable goods and services, creating economic opportunity and protecting the planet.

History

Since opening its first stores in 1979, Shoprite Holdings has grown into the leading food retailer it describes itself as today. The Group reports sales from continuing operations increasing by 7.2% to approximately R270.8 billion for the 52 weeks ended 28 June 2026, adding approximately R18.1 billion in additional sales during the year. In September 2026, the Group announced an agreement to acquire a majority interest in Vida e Caffè, described as South Africa's leading coffee brand with approximately 400 corporate and franchise stores, expanding its presence in the quick-service restaurant category. Through its Xtra Savings rewards programmes, the Group returned R18.3 billion in cash savings to customers during FY2026, and during FY2026 it created 5,491 direct new jobs. Petshop Science reached 185 stores nationwide and increased sales by 74.5% during FY2026. The opening of its 300th community food garden marked a food security milestone.

Products and positioning

Authentically customer centric, guided by low prices, value and accessibility.

  • Money Market

    Financial service with over 4 million accounts in use and 2,800+ counter locations, offering money transfers, bill payments, airtime and electricity top-ups, gift cards, insurance and more.

  • Xtra Savings

    Rewards programme with 36.5 million rewards customers; returned R18.3 billion in cash savings to customers during FY2026.

Recent events

  • Shoprite Holdings announces two independent non-executive director appointments[5]

    Reported:

    Shoprite Holdings announced the appointment of Dawn Morale and Paul Norman as independent non-executive directors, with the pair set to take over from 4 March 2022.

  • Massmart agrees to sell food assets to Shoprite[6]

    Reported:

    Massmart announced that it is selling non-core food assets to Shoprite Holdings for 1.36 billion rand. The transaction covers Cambridge Food, Rhino, Massfresh and 12 Cash & Carry stores, and was expected to close early in the first quarter of 2022.

  • Unconfirmed

    Shoprite Group donates R1 million to Act for Change Fund[7]

    Reported:

    The Shoprite Group made an initial donation of R1 million to its Act for Change Fund to support communities in KwaZulu-Natal and Gauteng affected by violent uprisings.

  • Shoprite sells its Nigerian operations[8]

    Reported:

    Shoprite Holdings sold its Nigerian operations, Retail Supermarkets Nigeria Limited, to Ketron Investment. The deal includes franchise and administration and services agreements.

  • Unconfirmed

    West Peak Speciality Meats wins Shoprite supplier award[9]

    West Peak Speciality Meats, identified in the article as the recently renamed Ribcor, received an honour in Shoprite Holdings’ annual Supplier of the Year Awards in the Butcher’s Division at the ceremony on Monday 30 September.

    Weekdays and relative dates follow the original report; their exact calendar dates have not been verified.

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