Adele Kruger-T

Not the 1957 Miss South Africa.

[Adele Kruger-T @Adele_Kruger]

@sajournalist Hi Susan, trying to reach you. Pls will you DM me? Thanks.

[The Finance Ghost @FinanceGhost]

The Brackenfell Bruisers look unstoppable (JSE: SHP)

Shoprite is going for the kill

It's not often that I read something on SENS and genuinely have to sit back in my chair to let it sink in. The Shoprite results are, quite frankly, ridiculous. The Supermarkets RSA business grew 17.8%, so Shoprite won record levels of market share (140 basis points) this year.

The losers? Clearly, competitors. I think you may need to Pick n Pray for a miracle if you are taking a view against Shoprite.

Perhaps the most impressive thing about this result is that the growth hasn't just been at the top end in Checkers. That side of the business has certainly done well, with an increase in sales of 18% and Sixty60 managing an astonishing performance of 81.5% growth. Although I'm a very happy @Sixty60_Tweets customer, even I was blown away by this number.

The group is also doing well with lower income consumers, as Shoprite and Usave increased sales by 15.6%. I must note that the 92 Massmart stores have been integrated into the Shoprite and Usave operations, so that is giving the sales number a boost. Still, the point remains that the company is resonating with consumers everywhere.

Some pricing pressure has come through the system to support this market share growth, with gross margin down from 24.5% to 24.1%.

The blemish on the result is obvious: Eskom. There's nothing that Shoprite can really do about that, as fridges need to be kept cold. R1.3 billion was incurred on diesel costs. Although there's an offset from not paying Eskom instead, the reality is that this is still a very big number in the context of profit before tax of R9.1 billion.

By the time we work through the Eskom pain, sales growth of 16.9% is blunted to HEPS growth of just 9.6%. The dividend is 10.5% higher.

This is an annoyance for shareholders in the context of what might have been. But with a longer term view, the momentum at Shoprite is beyond incredible. Unless you have some retail experience, it's hard to appreciate just how good this performance is.

And in case you're wondering, Supermarkets non-RSA grew sales by 16.4% in rand terms (9.6% in constant currency). Furniture sales grew 5.1%. Other operating segments were up 13.3%, with OK Franchise sales up by 13.7%.

Finally, as another good example of how South Africa makes life far harder for our corporates than it should be, insurance costs were up by R185 million because of premium increases since the 2021 social unrest and the need for additional cover.

South Africa is a treacherous minefield for food retail at the moment. Shoprite seems to know where all the mines are.

[Adele Kruger-T @Adele_Kruger]

@MagnusHeystek Hi Magnus, would like to get in touch. Pls drop me a DM with an email address or number where I can reach you? Many thanks.

[Adele Kruger-T @Adele_Kruger]

@GoCarIreland Trying to register an account but no luck and no response to my queries...

[Adele Kruger-T @Adele_Kruger]

@GoCarIreland Hi, tried to register for an account on 7 Aug. See request 277532 submitted on 8 Aug. When can I receive feedback pls?

[Adele Kruger-T @Adele_Kruger]

@Rbjacobs Hi, I'm trying to open a private banking account. Still waiting for the private banking team to return my call, it's been more than 48hrs. And your app not allowing me to register. Pls help.

[Tito Mboweni @tito_mboweni]

Step by step ! Wala!! Tasty. ⁦@CheckersSA⁩

[Tito Mboweni @tito_mboweni]

Great innovation. I am preparing this now. ⁦@Shoprite_SA⁩

[Adele Kruger-T @Adele_Kruger]

@ArseneWerner Hi Werner, could I send you an inbox msg regarding some freelance work? Thanks.

[Shoprite Group @WeActForChange]

Sanjeev Raghubir, our Group Sustainability manager spoke with @etv's @AnnikaLarsen1 about our move to #SOLAR.
https://t.co/bLP6dTiT4n

#solarenergy #Sustainability #ecofriendly @Shoprite_SA @CheckersSA #GoGreen #solarpower #ClimateAction #climate

[Business Day @BDliveSA]

SANJEEV RAGHUBIR: Retailers have no choice but to sell green https://t.co/nd2uDqZf9U

[Business Day @BDliveSA]

Retailer has added 22 new PV sites between February and September, more than doubling its capacity 🔒 https://t.co/Qoz6U0UmLE

[Adele Kruger-T @Adele_Kruger]

🥳🕺🏻👏🏽

[Keri-Ann Stanton @KAmuses]

The 40 best campaigns for the 2021 Global SABRE Awards, ranked from 40 to Best in Show - and the only South African 🇿🇦 campaign on the list - halala things @WeActForChange 🙌- thank you @Provoke_News #SABREAwards

[WhatsApp @WhatsApp]

@Twitter 👋 hello!

[Adele Kruger-T @Adele_Kruger]

@Elmakapelma I've only had really good service from https://t.co/mOmjgNAqQ1 (including a reminder email ahead of a colleague's birthday - after I had sent her flowers last yr).

[Adele Kruger-T @Adele_Kruger]

@miss_moss Booked, thank you!

[Adele Kruger-T @Adele_Kruger]

@popmechsa Hi, please can somebody get in touch with me this morning? Trying to take out a subscription. The magsathome channels are not of any assistance (have tried online, phone and email).

[Adele Kruger-T @Adele_Kruger]

Are you an email deleter, saver or ignorer?
https://t.co/0zKXsGgZGO

[Treeshake @treeshake]

Unilever CEO @alanjope to the Advertising Industry: "Bring us ideas that drive the kind of behavioural and cultural change that’s required to fix the big challenges of our time 🌍💡 https://t.co/LZRUBQZin6

[Adele Kruger-T @Adele_Kruger]

From Limpopo to Los Angeles!

[702 @Radio702]

The Ndlovu Youth Choir's beautiful performance on the stage of the television show America's Got Talent got 4 yesses from the judges, including Simon Cowell! #AGT #ShineMzansi 😍 🙌 🎤 🎵 🎶
https://t.co/CoEeO9z4pd