Choppies worried about deflationary pressures

Tuesday, March 24, 2015

Choppies now has 18 stores in deflation hit Zimbabwe

A strong growth in sales for the half-year to December 2014 for retail giant, Choppies, was partially offset by deflationary pressures.

The deflationary pressures were due to the weakness of the South African Rand as well as falling commodity prices.

In the period, the Botswana Stock Exchange (BSE) listed company recorded a 20 percent jump in revenue to P3 billion  while gross profit rose 21 percent to P 644 million.

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Choppies worried about deflationary pressures

A strong growth in sales for the half-year to December 2014 for retail giant, Choppies, was partially offset by deflationary pressures.