Business News of Wednesday, 22 January 2020Source: www.classfmonline.comShoprite sales in Ghana slump 3.1%ShopriteAfrica retail giant Shoprite has announced a 3.1% decline in sales in all its Africa operations including Ghana with the exception of South Africa. In its half-year financial performance ending December 2019, it pinned the performance on currency devaluations in the African markets in which it operates. The group's total sales increased by 7% to approximately R81.2 billion, driven by growth in its South African supermarkets, up 9.8% for the period to R61.7 billion. Other operating segments – which include businesses OK Franchises, Computicket, MediRite Pharmacies, Transpharm and Checkers Food Services – grew sales by 4.4% to R5.4 billion. Meanwhile, the group's interim results for the half-year period ending December 29, 2019, will be released on February 25, 2020.

Source: GhanaWeb January 22, 2020 13:18 UTC