Shoprite Holdings reports profit growth that lifts its payout, beating dividend forecasts, as the company pursues expansion through acquisitions. The retailer adds new exposure to coffee-shop operations, quick-service restaurant offerings, and related technology and payments capabilities.
Multiple outlets report that Shoprite is buying into Vida e Caffè, described as South Africa’s largest coffee chain. Bloomberg and Moneyweb say Shoprite’s move involves acquiring the coffee business as part of a broader push into foodservice. The South African reports Shoprite takes full control, stating it acquires a 100% stake in Vida e Caffè.
In addition to the coffee-chain deal, Bloomberg and Moneyweb say Shoprite also acquires a majority stake in R&A Cellular, positioning the group for further involvement in technology and payments. The articles present the same overall direction—higher profits and a stronger dividend alongside expansion into new segments—while differing on the details of whether the Vida e Caffè purchase is framed as majority control or a complete 100% acquisition.
