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Manage episode 305140700 series 2605825
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One of South Africa’s leading asset managers Jean-Pierre Verster shared insight into South Africa’s food retailers from an investment angle. The big four food retailers – Shoprite, Woolies, Spar and Pick n Pay – are some of the country’s most well-known brands. Pick n Pay was the first retailer to announce results following the July riots, with the unrest and associated costs negatively affecting its bottom line. Verster notes that a higher inflationary environment will hurt food retailers, leaving those with competitive advantages and pricing power better positioned to profit in the future. Spar’s international expansion is discussed, with it having diversified into rather unknown territories. Lastly, Verster explains he is struggling to find value given the lofty valuations in the sector.