South Africa's biggest grocery retailer Shoprite Holdings (SHPJ.J), has announced that it is selling its operations in Ghana and Malawi, marking another step towards consolidation of its activities across Africa to focus more on its home market, Reuters has reported. The supermarket retailer had expanded extensively in Africa, surpassing rivals such as Pick n Pay and Walmart-owned Massmart to become the continent's leading food retailer in about 15 countries. But forays into markets, including Angola and Nigeria, were marred by currency volatility, double-digit inflation, high import duties and dollar-based rentals. On Tuesday it said Shoprite Malawi signed an agreement on June 6 to dispose of five trading stores, pending certain conditions, including approval from the Competition and Fair Trading Commission as well as the Reserve Bank of Malawi. In Ghana, the group received a binding offer in June for seven trading stores and one warehouse. The sale is deemed highly probable...