Shoprite You just missed the Easter Bunny
It’s that time of year when the Walmart watchers dust off their gumboots, polish their binoculars, and set up their little green tents outside Shoprite head office in Brackenfell. Or the Massmart offices in Westmead or the Pick n Pay offices ... you get the picture. This year Absa twitcher-in-chief Chris Gilmour is fancying Shoprite, saying that with their 124 stores across the continent, The Big Red One would be a perfect fit for The Just Plain Big One. Everyone, it seems, has been buying dinner for the Yanks, just out of courtesy you understand, and everyone has been issuing their routine denials, Shoprite’s Mr Basson with a larger-than-usual Cheshire-cat grin. Why would they come here, he asks, when China has a billion untapped punters to our 40 million?
Comment: Where there’s smoke, there’s analysts, they say.