Choppies to raise P473m in JSE listing

Ottapathu
Ottapathu

Local retail giant, Choppies Enterprises seeks to raise up to P473 million (R574 million) on its inward secondary listing on the Johannesburg Stock Exchange (JSE).

The retailer, which operates 125 stores in Botswana, South Africa and Zimbabwe, yesterday announced that it would list on Africa’s largest stock market on May 27, 2015. The company said it would use the funds to pay down debt as well as finance the company’s expansion into the region.

At the end of last year, Choppies had total borrowings of P466 million, as shown by its interim financial results for the six months ended December 31, 2014.

Editor's Comment
Congratulations Anicia Gaothuse!

The contest had 10 beautiful young girls as finalists and unfortunately only one could wear the crown.The judges picked Anicia Gaothuse. To all those who feel their contestant should have won ahead of Anicia for whatever reason, hardly; the judges found Anicia to be the best among the best, so desist from disrespecting our newly crowned queen on social media or anywhere else, for that matter! Each of the 10 beautiful young women had supporters...

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