Report
Jiten Bechoo ...
  • Pratish Soni

Shoprite | Shoprite Holdings proxy voting and governance recommendation

Shoprite Holdings (SHP) receives a corporate governance score of 2.17 out of 5 (FY '17: 2.08) and is rated as “adequate” (FY'17: “adequate”). By comparison, industry peer Pick n Pay (PIK) scored 2.76.
Underlying
Shoprite Holdings Limited

Shoprite Holdings Limited is an investment holding company. The Company is a food retailer and wholesaler. It operates in the Republic of South Africa (RSA). It operates through four segments: Supermarkets RSA, Supermarkets Non-RSA, Furniture and Other operating segments. The Supermarkets RSA segment includes retail operations under the Shoprite, Checkers, Checkers Hyper and Usave brands in South Africa, retailing products, such as food, clothing, general merchandise, cosmetics and liquor. The Supermarkets Non-RSA segment includes its retail operations under the Shoprite, Checkers, Checkers Hyper, Usave and certain Hungry Lion brands outside of South Africa. The Furniture segment includes its retail operations under the OK Furniture, OK Power Express and House & Home brands retailing products, such as furniture, household appliances and home entertainment systems. Other operating segments include trading in franchise operations, and retail and wholesale of pharmaceutical products.

Provider
Avior Capital Markets
Avior Capital Markets

Avior is a globally recognised capital markets research and trading firm, with the broadest research coverage within the region, with 100+ SA and 20+ SSA companies under coverage. Avior services clients from offices in London, Cape Town and Johannesburg.

Our research quality is consistently recognised in local and global surveys, with 18 analysts currently rated in their respective sectors (FM 2017). Value add through in-depth, innovative, high quality and consistent research with comprehensive underlying fundamental modelling supported by regular analyst and roadshow interactions.

Avior has proven that by working closely with our clients we can mutually develop dominant positions in certain sectors, going from strength to strength. Avior has a dedicated ESG team, having been ranked #1 in Corporate Governance research since 2008.

Analysts
Jiten Bechoo

Pratish Soni

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