Lewis moves to acquire 25 Beares stores
Wednesday, December 09, 2015
According to a press release from Lewis, the acquisition will increase the group’s total store footprint to 786 in southern Africa. Lewis Stores Botswana is a wholly owned subsidiary of the South African company, Lewis Stores (Pty) Ltd.
Competition Authority’s director of communications and advocacy, Gideon Nkala also confirmed they have received the notification and are still studying the facts before making a judgement.
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...