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.
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...