What South African retailer Shoprite tells us about growth

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• 00:00

  And this is Andrew Peach with World Business Report.

• 00:02

  Good to have you with us today.

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  How did South Africa's biggest employer, ShopRite, become so successful?

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  We'll talk to its chief executive.

• 00:10

  Increased defence spending means more arms factories in France.

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  We'll visit one of them.

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  We have multiplied our production of radars by three and we are continuing to increase.

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  And what we do for rockets at the NATO standards, we have multiplied by five.

• 00:27

  And if you enjoy a wedding but you don't know anyone who's getting married there's a trend in India that's just what you need.

• 00:33

  I always imagined a wedding without a bride and a groom just for fun.

• 00:38

  But first, all this month on World Business Report, we're examining Africa's economic future.

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  Africa's population is set to explode in the next 25 years,

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  from 1.5 billion to 2.5 billion people by 2050.

• 00:52

  That means more mouths to feed, of course, but also more people in the working age population.

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  Let's go live to Nairobi and my colleague Jewel Kiriungi, who's there.

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  Jewel, is it fair to say then that Africa's growing population poses challenges,

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  but also huge challenges?

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  opportunities.

• 01:10

  Yes, Andrew, it's definitely a double edged sword, because on the one hand, the opportunity is huge.

• 01:15

  As you've said, by 2050, one in every four people on the planet will be African.

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