Shoprite Holdings, Africas largest retailer and partly owned by South African billionaire Christo Wiese, is reviewing the future of its Mozambique operations as part of a broader consolidation of its African business.
The move comes as the group delivers record sales and profits across its core South African market. Chief Executive Officer Pieter Engelbrecht said the retailer has completed most of its footprint review on the continent but kept Mozambique on a high alert list due to persistent economic and security challenges.
Mozambique under scrutiny as Africa strategy tightens