Shoprite launches new division aimed at small businesses in South Africa.

Loading player...
The Shoprite Group has launched Shoprite Next Capital – a new business division dedicated to capacitating and growing commercially-viable small businesses. This forms part of the group’s continued efforts to give small suppliers access to its consumer market.

As drivers of growth, job creation and innovation, SMMEs are crucial to the recovery of the South African economy, and Shoprite Next Capital is the formalisation of the key role the Group plays in the success of SMMEs by giving them access to its consumer market, said Maude Modise, general manager for enterprise and supplier development at the group.
23 Jun 2022 6AM English South Africa Business News · Investing

Other recent episodes

PPS Delivers R6.88bn in Profit‑Share

PPS Group CEO Izak Smit unpacks a second consecutive record year, with R6.88bn allocated to members and R6.67bn paid in claims. He explains the strength of the mutual model.
22 Apr 4PM 16 min

Capitec’s R16.8bn Year

Capitec CEO Graham Lee discusses the bank’s 23% earnings surge, its diversified business model, and the rapid rise of digital payments.
22 Apr 4PM 14 min

Inflation Through the Eyes of the Consumer

Eighty20 Director Andrew Fulton translates the CPI numbers into real‑world household pressure. From meat‑led food inflation to the looming oil shock, he explores which consumers are most exposed and how spending behaviour is shifting.
22 Apr 4PM 9 min

SA’s Draft AI Policy: The Cost of Getting It Wrong

Free SA spokesperson Gideon Joubert discusses the organization's concerns about South Africa’s Draft National AI Policy—including expanded bureaucracy, duplicated institutions, and barriers for startups.
21 Apr 4PM 5 min