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South Africa's Shoprite half-year profit rises more than 10%

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Shoprite , South Africa's biggest supermarket group, posted a 10.2% rise in half-year earnings on Tuesday, as both cash-strapped shoppers and upmarket consumers went after Black Friday and holiday deals.

JOHANNESBURG, March 7 - Shoprite

The company's dual discount and upmarket grocery model tends to shield it better than rivals against inflationary pressures as it targets millions of South Africans reliant on government grants as well as affluent shoppers with much bigger budgets.

 

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