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Stock impact report

Shoprite to pay South African customers for reusing plastic bags [Reuters]

SHOPRITE HLDGS LTD S/ADR (SRGHY) 
NASDAQ:AMEX Investor Relations: shopriteholdings.co.za/investor-centre.html
Company Research Source: Reuters
Shoprite to pay South African customers for reusing plastic bags | Reuters 3 Min Read JOHANNESBURG (Reuters) - Shoprite Holdings, South Africa’s biggest supermarket chain, said on Tuesday it would pay customers for reusing its newly introduced recyclable bag as it joined domestic rivals in efforts to curb plastic pollution. Supermarkets have come under increased pressure to cut their use of plastic as images of littered oceans and beaches become commonplace, shocking both consumers and shareholders. South Africa does not have a law banning plastic bags. However, to reduce littering and discourage customers from buying them, South Africa increased the plastic bag levy in April by 50 percent to 12 cents per bag. Shoprite said every time a customer reuses its new 100 percent recycled and recyclable plastic bag, which retails for 3 rand ($0.2088), at Shoprite and Checkers stores, they will get 50 cents off their grocery purchase. “Changing consumer behavior by rewarding customers for re-u Show less Read more
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