Choppies share price jumps on JSE debut

According to a press release from Choppies, the retailer’s share price increased from R4.90 (P4.02) to R5.10 (P4.16) per share shortly after the 9am listing.

Group chief executive officer (CEO), Ramachandran Ottapathu expressed delight, stating that the listing on the JSE has led to a broader shareholding in the company. He welcomed the new shareholders to the company, noting that Choppies offers a compelling investment case because of its growth trajectory and cash rich business.