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Shoprite jumps after reporting double-digit sales growth

Shares of Shoprite, the owner of Checkers and Usave stores, were on track for their best day in nine months on Tuesday, after it said a rebound in liquor sales helped it book about double-digit sales growth for its 2022 year.

Sales rose 9.6% to R184.1bn in the year to July 3, the retailer said in a trading update, or by 11.9% when excluding an extra trading week in the prior year...

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