Since taking the helm in January 2017, Engelbrecht has continued to enhance the legacy established by his predecessor, Whitey Basson.
Pieter Engelbrecht
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Since assuming the mantle of CEO in January 2017, Engelbrecht has led Shoprite to impressive financial milestones.
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The trust will directly benefit the group’s South African employees.
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Shoprite Holdings Limited is South Africa’s largest food retailer and the biggest retailer in Africa.
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The JV is part of a broader move by Shoprite to strengthen its e-commerce delivery capabilities in the retail segment.
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Earlier, the group’s core business, Supermarkets RSA, reported an 11.6-percent increase in sales in Q1 2021.
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Africa’s largest retailer has unveiled plans to integrate the subsidiaries of Walmart-owned Massmart into its operations.