Choppies worried about deflationary pressures
Tuesday, March 24, 2015
Choppies now has 18 stores in deflation hit Zimbabwe
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.
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...