Over the past 5 years, SA retailers have opened, on average, one store per day.
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GUEST - Andrea Slaber, Insights Lead at Trade Intelligence
The South African FMCG corporate retail sector demonstrated remarkable resilience and growth in 2024. Over the second half of 2024, food inflation moderated, after +10.8% inflation for 2023, on top of the +9.2% in 2022. This moderation supported underlying volume growth performance, with Shoprite Supermarkets RSA joining Clicks and Boxer in the black, while Woolworths Food and SPAR Retail Grocery improved but were still in the red.
The South African FMCG corporate retail sector demonstrated remarkable resilience and growth in 2024. Over the second half of 2024, food inflation moderated, after +10.8% inflation for 2023, on top of the +9.2% in 2022. This moderation supported underlying volume growth performance, with Shoprite Supermarkets RSA joining Clicks and Boxer in the black, while Woolworths Food and SPAR Retail Grocery improved but were still in the red.
