Choppies continues Africa growth trajectory
Friday, September 25, 2015
The operations in Zambia and Tanzania were due to commence by the middle of this year, but had been delayed by a few months.
Choppies plans to rollout a total of 35 new stores, excluding acquisitions, in the coming financial year in line with its target to have 200 stores by the end of the 2016 calendar year.
While the political shift brings hope for change, it also places immense pressure on the new administration to deliver on its election promises in the face of serious economic challenges.On another level, newly appointed Finance Minister Ndaba Gaolathe’s grim assessment of the country’s finances adds urgency to the moment. The budget deficit, expected to be P8.7 billion, is now anticipated to be even higher due to underperforming diamond...