Business Chief ME+AFRICA Magazine November 2023 | Page 51

PIETER ENGELBRECHT

Shoprite Group Market value : US $ 6.97bn Revenues : US $ 2.85bn
As the driving force behind Shoprite Group ’ s strategic thinking since 2017 , Pieter Engelbrecht has led the Group to become Africa ’ s largest and most successful food retailer and low-price leader – and South Africa ’ s largest employer .
He successfully steered the Group through the pandemic , ensuring job security for the Group ’ s 154,000 employees and under his leadership , Shoprite is achieving industryleading growth in sales and profits .
A chartered accountant , Pieter started his career in the corporate finance divisions of PwC . Joining Shoprite in 1997 , he rose through the ranks becoming COO Shoprite Checkers in 2005 , where he was instrumental in guiding the Group ’ s expansion . businesschief . ae 51