Shoprite gains market share in tough economic times

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Shoprite gains market share in tough economic times
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Shoprite says it expects to report double-digit growth in full-year sales when it releases results six weeks from now.

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But the grocery retailer says its margins were hit by expenses associated with promotional material as well as increased diesel costs to limit the impact of power cuts.Analysts say cash-strapped consumers are drawn to what they see as more affordable prices at Shoprite.

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