|South African Walmart associates|
Shopping day, Walmart and Shoprite stores in Africa
Explore and Understand Africa Through Her Food and Culture
The good news, Walmart is staking its claim in the growing African market. The bad news, some retailers who rushed into African markets have not had much luck. Woolworths closed its three Nigerian stores in late 2013, while, in 2011, Pick n Pay Stores closed its Mozambique and Mauritius stores a mere two years after opening the doors.
The Shoprite Group of Companies started in 1979 as an affordable retail chain. Today, Wiese is the largest individual shareholder and chairman of retail giants Pepkor, Shoprite and many other companies and is one of Africa’s most successful investors, with a net worth of $3.1 billion on Forbes’ 2012 World’s Billionaires List.
Shoprite Group is the 94th largest retailer in the world, Shoprite and PEP are the investments most commonly linked to 70 year old South African billionaire Christo Wiese.
Shopping Day in Africa
PEP opened its first store in 1965 in the Northern Cape, South Africa. PEP operates more than 1,800 retail stores in Southern Africa selling clothing, footwear, homeware, cell phones, funeral policies, money transfers, selected bill payments, electricity tokens and a whole lot more. PEP is truly a one-stop-shopping center.
The Shoprite grocery store chain started in 1979 with the purchase of a chain of eight South African Cape town based supermarkets. In 1983, Shoprite opened its first branch outside the Western Cape in Hartswater in the Northern Cape, South Africa.
There are currently 410 Shoprite grocery stores in South Africa, Mozambique, Swaziland and Lesotho. Shoprite opened their first store in Zambia Lusaka Cairo Road Store on October 26, 1995, Gaborone Botswana in 1998, Namibia Shoprite officially opened its first store in Windhoek in 1990, and November 2000 in Kampala Uganda.
Shoprite officially opened its first store in 2003 in Luanda Angola, and Accra Ghana, five stores in and around Antananarivo Madagascar in 2002, Mauritius on November 14, 2002, and Lilongwe, Malawi in August 2001.
Shoprite first entered Nigeria in December 2005, when they opened a Shoprite store in Lagos Nigeria. On April 19, 2012, Shoprite became the first South African store to enter the Democratic Republic of Congo (DRC) in Gombe, Kinshasa.
Walmart in Africa
Walmart acquired a majority stake in Massmart Holdings Ltd. in 2011 and is now located in 12 African countries with 356 stores employing over 24,000 people as of January 2014.
Massmart operates in Botswana, Ghana, Lesotho, Malawi, Mozambique, Namibia, Nigeria, Swaziland, Tanzania, Uganda, South Africa and Zambia. Massmart operates under the brand names of Game, DionWired, Makro, Kangela, Builders Warehouse, Builders Express, Builders Trade Depot, CBW, and Jumbo Cash and Carry.
Massmart is the second-largest distributor of consumer goods in Africa, the leading retailer of general merchandise, liquor and home improvement equipment and supplies, and the leading wholesaler of basic foods.