Log in
E-mail
Password
Show password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON
  1. Homepage
  2. Equities
  3. South Africa
  4. Johannesburg Stock Exchange
  5. Shoprite Holdings Limited
  6. News
  7. Summary
    SHP   ZAE000012084

SHOPRITE HOLDINGS LIMITED

(SHP)
  Report
SummaryChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsOther languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

Shoprite : recycles sanitising wipes

10/19/2021 | 07:22am EST

The Shoprite Group is the first retailer to recycle wipes from its 1 328 supermarkets in South Africa.

The wipes, which are green to identify them as 100% recyclable polypropylene, are used to sanitise baskets and trolleys and are sent for recycling after use. The bucket container and all stickers on the bucket are also 100% polypropylene and recyclable.

It is estimated that 129 billion face masks and 65 billion plastic gloves are discarded every month, globally.

Since the onset of the pandemic, retailers have been faced with a number of environmental challenges including a massive increase in the quantity of wipes. For the Shoprite Group, this has amounted to tens of thousands of kilograms a month.

The Shoprite Group is the first retailer to recycle wipes from its supermarkets in South Africa.

The Group partnered with Sani-Touch to provide it with 100% recyclable wipes and has embarked on a programme to isolate used wipes and make sure it is sent for recycling rather than being thrown away with general waste and ending up in landfill.

The increased quantity of wipes, and the opportunity to source locally resulted in the Group moving more wipe products across to the locally-sourced polypropylene.

"With small changes to the way we do things we can ensure that single-use products such as wipes don't only offer excellent infection protection but can also be environmentally neutral."

- Sanjeev Raghubir, Group Sustainability Manager

The wet wipes supplier, Sani-Touch said that volumes in the past have not been big enough for many companies to recycle, but by including the buckets, and with the volumes of wipes that the Shoprite Group uses, this has become viable.

"Wet wipes have proven to be invaluable in the fight against the coronavirus, as well as in general infection control in public places and in medical facilities, eliminating the chance of cross infection. As a manufacturer our responsibility is to ensure that these products do not pose a risk to the environment."

Disclaimer

Shoprite Holdings Ltd. published this content on 19 October 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 19 October 2021 11:21:04 UTC.


ę Publicnow 2021
All news about SHOPRITE HOLDINGS LIMITED
12/07SHOPRITE : Checkers expands network of Petshop Science stores as SA pet economy grows
PU
12/06SHOPRITE : named top graduate employer
PU
12/01SHOPRITE : opens MediRite Plus - a standalone health and wellness store
PU
11/30SHOPRITE : Bakery gets lifeline with Checkers order
PU
11/25SHOPRITE : Smaller-format Checkers Foods launched by popular demand
PU
11/25SHOPRITE : customers donate school shoes to Free State learners
PU
11/25SHOPRITE : Sunrise Park opens, creating more than 80 jobs
PU
11/25SHOPRITE : Mabopane Railway opens, creating 18 new jobs
PU
11/25SHOPRITE : Store openings create jobs and bring exciting job opportunities
PU
11/24SHOPRITE : steps in to help those affected by Garden Route floods
PU
More news
Financials
Sales 2022 176 B 11 176 M 11 176 M
Net income 2022 5 352 M 341 M 341 M
Net Debt 2022 26 964 M 1 717 M 1 717 M
P/E ratio 2022 21,0x
Yield 2022 2,69%
Capitalization 112 B 7 174 M 7 160 M
EV / Sales 2022 0,79x
EV / Sales 2023 0,74x
Nbr of Employees 140 000
Free-Float 84,3%
Chart SHOPRITE HOLDINGS LIMITED
Duration : Period :
Shoprite Holdings Limited Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends SHOPRITE HOLDINGS LIMITED
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 8
Last Close Price 205,12 ZAR
Average target price 193,75 ZAR
Spread / Average Target -5,54%
EPS Revisions
Managers and Directors
Pieter Christiaan Engelbrecht Chief Executive Officer & Executive Director
Anton de Bruyn Chief Financial Officer & Executive Director
Wendy Elizabeth Lucas-Bull Independent Chairman
Sizo Njova Operations Manager
Joseph Anthony Rock Independent Non-Executive Director
Sector and Competitors