The amount of capital that Shoprite can raise is dependent on various factors. It is to be noted however that "Shoprite Checkers will contribute R888 million, allowing the Shoprite Employee Trust to subscribe for 10% of the stocks, with Shoprite Checkers funding the remaining shares on a notional basis.
Shoprite Holdings Limited is an investment holding company established in South Africa.
The business is a fast-paced consumer products store.
Its primary activity is food retailing, which is supplemented by furniture, medicines, hotels, tickets, digital commerce, financial services, and cellular facilities.
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