three-horse race

South Africa: Woolworths aims to leapfrog Shoprite, Pick n Pay to regain retail dominance

By Nyasha Bhobo

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Posted on September 19, 2023 08:11

FILE PHOTO: A shopper walks to a Woolworths store in Johannesburg, South Africa, March 2, 2022. REUTERS/Siphiwe Sibeko/File Photo

Woolworths is aiming to beat off competition from Shoprite and Pick n Pay, which have both tightened their control on the retail sector.

After bleeding ZAR18bn ($990m) in an ill-fated jaunt in Australia, South Africa’s upper-class retail giant Woolworths is bracing itself for a ZAR10bn ($524m) expansion that CEO Roy Bagattini says should make the company’s rivals “worried”.

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