Choppies expands footprint in South Africa
Wednesday, September 13, 2017
Choppies currently has 70 stores in South Africa
Choppies currently has about 70 stores in South Africa, where the company has been making losses due to the slump in mining towns.
In a statement, Choppies said it has entered into negotiations with a third party in Africa’s economic powerhouse for acquisitions of a limited number of retail outlets.
Acting Agriculture Minister, Edwin Dikoloti, is right in saying opening an export-ready facility whilst Foot and Mouth Disease (FMD) is still spreading would risk getting the whole country blacklisted before a single carcass leaves the door.A ban like that would break the already stressed nation. So, the postponement, painful as it is, is the right thing to do. The local economy is being squeezed from both ends. FMD has already slammed the door...