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.
Whilst celebrating milestones in inclusivity, with notably P5 billion awarded to vulnerable groups, the report sounds a 'siren' on a dangerous and growing trend: the ballooning use of micro-procurement. That this method, designed for small-scale, efficient purchases, now accounts for a staggering 25% (P8 billion) of total procurement value is not a sign of agility, but a 'red flag'. The PPRA’s warning is unequivocal and must be...