African grocery retailer Shoprite issued results for the first half of its financial year to December 2011. Turnover improved 13.2% to ZAR41.1bn (£3.3bn) while like-for-likes rose 8%. In its home market, the retailer’s sales increased 12.3% and by 6.8% on a like-for-like basis. Official statistics put food inflation at 9% with internal inflation at Shoprite significantly lower at about 5%. The full financial report will be issued on February 21.

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