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❕NEWS ShopRite to leave Nigeria after 15 years.

S

SCAMEXPOSER

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The South African owned Mega supermarket in Nigeria started it business in Nigeria in the year 2005.

The company stated in it operational and voluntary meeting that it has considered selling off majority of it stake in Nigeria holding.

Reasons were not disclose yet.
 
I read this news this morning and was like 'wow! and that was because of the mixed feelings I had. Leaving gives room for indigenous businesses to rise but also people have come to recognize with them so much and will surely be missed. I just hope it is as others have said about them leaving but still around.
 
The South African owned Mega supermarket in Nigeria started it business in Nigeria in the year 2005.

The company stated in it operational and voluntary meeting that it has considered selling off majority of it stake in Nigeria holding.

Reasons were not disclose yet.
A release was made few hours ago denying this move and claiming it to be mere rumours. Well, let's keep our fingers crossed and see how the whole thing will play out.
 
I read another news that they are not leaving - they only sold part of their stakes. Coming days will throw more light on the matter. However, it is time to get consumer sales right in Nigeria
 
The South African owned Mega supermarket in Nigeria started it business in Nigeria in the year 2005.

The company stated in it operational and voluntary meeting that it has considered selling off majority of it stake in Nigeria holding.

Reasons were not disclose yet.
Wow , this news is kind of odd . why will they want to leave considering the fact that they are doing very well in Nigeria ?
I hope it has nothing to do with the earlier Nigeria - south African crises .
 
I am very sure if they will be selling their stake definitely the company will be bought by Nigerlans so only the name may change and service delivery improved.
 
I am very sure if they will be selling their stake definitely the company will be bought by Nigerlans so only the name may change and service delivery improved.
If they are going to sell off their structures to Nigeria , then they won't lose much from leaving Nigeria .
The new person or company that will take over will have to look for a way to sustain the existing customers .
 
Wow , this news is kind of odd . why will they want to leave considering the fact that they are doing very well in Nigeria ?
I hope it has nothing to do with the earlier Nigeria - south African crises .
I think this has much to do with the tension that had erupted last year due to the acts of violence exasbated by the lndegenous south Africans who wanted to take the law into their own hands citing that foreigners were taking their jobs, just to add on your thouht.So they were just looking for the perfect moment to amicably retaliate to the pressure that the Nigerian government put on south African government."the views
expressed here are solely independent thoughts and have no political affilliation"
 
I think this has much to do with the tension that had erupted last year due to the acts of violence exasbated by the lndegenous south Africans who wanted to take the law into their own hands citing that foreigners were taking their jobs, just to add on your thouht.So they were just looking for the perfect moment to amicably retaliate to the pressure that the Nigerian government put on south African government."the views
expressed here are solely independent thoughts and have no political affilliation"
Well , I hope their mobile telecommunication network won't follow suit. Nigerians in south Africa should also be careful more than before , because this relocation without reason is suspicious
 
What a great loose by the owner, shoprite is rated number one shopping complex in Africa especially Nigeria with the little research I have made, shoprite made up to 10 billion on their first opening in kwara state nigeria
All the tip-toeing around each other by both countries is a little confusing. I really hope shoprite won't be going anywhere though.
 
All the tip-toeing around each other by both countries is a little confusing. I really hope shoprite won't be going anywhere though.
Same here. I like shoprite because their goods are affordable . we love to see them remain in the country , and for the two countries to settle their dispute amicably
 
I feel may the xenophobia attack that Nigerians and other African countries witnessed the last that made them retaliate by evading shoprite in different countries made them feel unsafe to trade out side south Africa.
 
I read this news few moons ago in Vanguard Nigeria newpaper and Shoprite claimed that they have no plans on leaving Nigeria any time soon, that it was just a rumour.
 
Well if the xenophobic attack is one of the reasons while they are leaving , then I think there is more cause for concern .
This is because they don't need to move out . Nigerians won't attack them again provided they don't attack Nigerians in south Africa
 
Well if the xenophobic attack is one of the reasons while they are leaving , then I think there is more cause for concern .
This is because they don't need to move out . Nigerians won't attack them again provided they don't attack Nigerians in south Africa
I am not really sure but judging by the likely cause of their exit aside low sales. If eventually they live I don't see anything sad because they are not moving with thier investments they will rather sell which is what was stated though some said it rumour.
 
Well if the xenophobic attack is one of the reasons while they are leaving , then I think there is more cause for concern .
This is because they don't need to move out . Nigerians won't attack them again provided they don't attack Nigerians in south Africa
I really doubt that the xenophobic attacks have anything to do with this move by shoprite. Though it has Ben claimed to be rumours, there is absolutely no smoke without fire. I just hope whatever it is will keep the standards and pace set already by shoprite.
 
Oh that would be such a loss for nigeria if this is confirmed to be true, it must have contributed a lot in those years of being a part from the country
 
I am not really sure but judging by the likely cause of their exit aside low sales. If eventually they live I don't see anything sad because they are not moving with thier investments they will rather sell which is what was stated though some said it rumour.
Unless they are not really making it due to high taxation by government , but with the one in my neighborhood , they are really making it , people are always seen there , buying things and getting services rendered to them .
 
Guess the pandemic hits them hard, and paying for employees are no longer an option for the business to stay afloat. Many shops closed here too.
 

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