Shoprite To Borrow Nearly US$340mn To Finance Expansions As SA Remains Weak

Coming off solid year-end results in June 2010 (see our online service, July 16 2010, 'Shoprite Annual Sales Up 13.6%, Poised To Grow Market Share'), Africa's largest retailer by market capitalisation Shoprite is expected to borrow about ZAR2.5bn (US$339mn) over the next two years as it looks to strengthen its position in South Africa and in the West and Southern African

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