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It's quite a big market in South Africa. We have got established players with lots of experience, maybe more importantly, if Africa shows the growth potential over the next decade that everyone expects, then this is a good base to start from.
Found on Reuters 9 years ago
If you want extra growth, you've got to take on that extra risk, recognising that risk, by that I mean a severe shortage of shopping infrastructure, Shoprite started setting up warehouses and partnering with developers to build shopping centres and that's why it is in this quick store rollout phase whereas Massmart is a little bit behind.
Found on Reuters 9 years ago
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