Shoprite Checkers’ profits hit a big hit due to poor economic conditions and sales dropped drastically. Rumors circulating that Rupert, Wiese and Steinhoff are the mafia of the Western Cape are even seen on the social network, and with their respective losses, ironically, it is seen as no coincidence. Rupert lost R300m worth of luxury..
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Well-known retail struggles heavily due to SA’s faltering economy and shows profit drop of over 18%
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