Shoprite produced first half results yesterday which were better than the headline growth suggested. Shoprite is our favourite South African retailer on a long term view. It has the right model and formula to produce meaningful earnings growth provided that its South African engine keeps running and growth in African remains successful. The company is, however, trading at a demanding forward 23x multiple and with the current market volatility around retailers the short term for the share is uncertain.
Read more: RealTrader blog
Thank you Anchor Capital