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1 year ago

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South Africa's Shoprite promises to hold down prices, shares slide

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South Africa's Shoprite promises to hold down prices, shares slide

Shares in Shoprite Holdings slid 7% on Tuesday after South Africa's No. 1 grocer reported lower-than-expected profit and a narrower trading margin, while promising to hold down prices to keep attracting customers as they feel the inflation squeeze.

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South Africa's Shoprite promises to hold down prices, shares slide

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