The impact of rolling electricity blackouts and political uncertainty ahead of the national elections make sales predictions difficult.
Retailer Shoprite said its sale of merchandise increased by 0.2% to R75.8 billion during the 26 weeks ended December 30, while trading profit fell 19% to R3.3 billion.
CEO Pieter Engelbrecht said: “The decline in headline earnings per share for the six months ending December 2018 must be viewed in the context of various critical expansion and technology projects the group has embarked on in the past five years to ensure future growth and modernise our technology landscape.
Internal challenges, investment expenses, and operational issues relating to the implementation of strategic decisions, including the roll out of a new SAP ERP software system, also affected earnings.
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