Retailer Shoprite Holdings increased its turnover over the past year, growing 10.5 percent to about R102.2 billion ($9.55bn).
The group increased its total turnover for the 12 months to June 2014, compared with the corresponding 12 months of 2013.
Growth on a like-for-like basis was 5.1 percent.
Shoprite saw an improved turnover growth of 11.4 percent in the second half of the year, compared with 9.7 percent in the first half.
The continued pressure on consumers’ disposable income reflects in the slowdown in sales in the supermarket division, the largest division in the group, which grew sales by 8.7 percent.
The turnover of the 169 supermarkets the group operates outside South Africa’s borders rose by 26.8 percent, compared to the 2013 reporting period.
Taken at constant currencies, these operations grew by 16.2 percent.
The furniture division grew turnover by 12.2 percent, even though the highly competitive market conditions remained unchanged.
The company said last August it could double the number of stores across the fast-growing Africa continent in next four years with the bulk of new outlets in oil-rich Angola and Nigeria.
Consumer demand in the local economy (South Africa) remains tepid, given the weak economy and as banks tighten their lending criteria. Shoppers have also been squeezed as the weaker rand currency fuels inflation and higher petrol prices.
Shoprite, which runs more than 150 supermarkets in 16 African countries outside South Africa, opened 14 new outlets in those markets in the past year, it said.
