Industry revenue of “retail trade in non-specialised stores with food, beverages and tobacco predominating“ in South Africa 2011-2023
Additionally, the sector has also benefitted from the rise in the number of supermarkets and retail chains. A good example is international retailer SPAR which has rapidly expanded in the country and currently has over 880 supermarket store chains, with retail sales of over 4.9 billion euros. This places South Africa among the top five markets for SPAR in terms of number of stores. Overall, the country’s food retail market is very concentrated with the top seven companies Shoprite, Pick n Pay, Massmart, Spar, Woolworths, the Food Lovers Market, and Choppies, accounting for over 80% of all revenues.