Boxer reports maize meal, rice and flour prices decline as food deflation deepens

Boxer remains positive The retailer said that, as a consequence of both strong other trading income growth and tight margin control, management’s current assessment is that Boxer is on track to maintain its first half of 2027 trading profit margin at the level of the first half of financial year 2026.

Outlook The retailer expects turnover growth to accelerate over the latter part of the 2027 financial year, due to an anticipated uptick in selling price inflation and an improved turnover contribution from new stores, given that the majority of the store openings are scheduled for the second half of the financial year.

Discount retailer Boxer says South Africans continued to benefit from lower food prices during the 20 weeks to 19 July, with sharp declines in the cost of staples such as maize meal, rice and flour driving food deflation across its stores, even as households remained under financial pressure.