Choppies Expand Their Footprint
Monday, April 30, 2018
Ramachandran Ottapathu
This includes the Mozambique and Namibian stores where Choppies just joined their respective markets.
Commenting on the results, Choppies Managing Director Ramachandran Ottapathu said that the opening of the stores was in line with a strategies adopted by their Board, noting that though the performance has improved in other regions, they are yet to achieve profitability.
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...