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Welcome to Boxer Retail Limited Group

We are proud to be South Africa's leading soft discount retailer, committed to being the "People's Champion" for the communities we serve. With a vision to grow a lifetime of loyalty, we place our customers at the heart of everything we do.

Boxer is South Africa's leading soft discount retailer, operating over 500 stores across South Africa and Eswatini, with a clear vision to grow a lifetime of loyalty. Since our founding in 1977, we have built a legacy of continuous growth, innovation, and operational excellence, always putting our customers and communities first.

A Compelling Growth Story

Boxer has consistently delivered exceptional value for its customers and strong returns on invested capital.

Our robust store expansion strategy, efficient operations, and customer-focused values position us to double our footprint across South Africa and capture significant whitespace opportunities in the discount retail market.

Over the past three financial years, we have achieved:

19%

annualised sales growth

Consistent and resilient profitability, with trading margin

>5%

27%

return on invested capital

A strong store pipeline, with over

60

new stores opened annually.

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Our Mission

To be South Africa's No.1 Discount Retailer

We achieve this by offering:

Unbeatable Value – delivering the lowest basket prices compared to our competitors, without sacrificing on quality, ensuring our customers get more for less

Quality Products – providing a curated range of 3 000 essential food and grocery items, including market-leading brands and exclusive Boxer confined labels

Exceptional Service – offering a shopping experience that is convenient, efficient, tailored to meet the needs of the communities we serve, with service that reflects care and respect

Our Vision and Values

Boxer is driven by a commitment to being the "People's Champion", supported by these guiding principles:

Customer – Centricity

understanding and serving the unique needs of our communities

Value for Money

offering the lowest prices without compromising on quality

Sustainability

implementing responsible retail practices to benefit society and the environment

Operational Excellence

continuously optimising processes to drive profitability and value for our stakeholders

Our Strategic ambition

We are on an exciting journey to double our store footprint across South Africa, leveraging opportunities to bring our value proposition to even more communities – we aim to make quality, affordable shopping accessible to everyone.

Why invest in Boxer?

Strong Financial Performance – solid turnover growth and consistent trading margin, supported by disciplined cost control and strong cash generation

Proven Scalability – standardised and efficient store operating model enabling rapid, profitable expansion

Resilient Market Position – a leading player in South Africa's under-penetrated discount retail sector, with significant growth potential.

Why shop at Boxer?

Lowest prices and exceptional value

Enjoy special offers and combo deals that provide even greater savings on essential food and groceries.

Convenient Locations

With a strong presence in both rural and urban areas, a Boxer store is never far away.

Sustainable Practices

We are committed to responsible retailing

Community - Centric Stores

Our stores are designed to meet the specific needs of the local community served.

At Boxer, we are more than just a retailer – we are a business with purpose, innovation and ambition. Join us on our journey to redefine the retail landscape in Southern Africa.

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