mmegi

Payless eyes revival after closing down most stores

Fighting on: Moshoke is banking on a CEDA loan to revive the business
Fighting on: Moshoke is banking on a CEDA loan to revive the business

Retail chain, Payless, has closed down five of its eight stores around the country as it struggles with cash flow troubles and issues with the suppliers of stock.

Currently the group operates three stores in Molepolole, another one at BBS Mall in Gaborone and one in Block Six neighbourhood which operates on a part time basis.

Payless CEO, Elliot Moshoke told BusinessWeek that the group is hoping for a P30.5 million bailout from the Citizen Entrepreneurial Development Agency (CEDA) to re-open its stores.

Editor's Comment
Makgekgenene played her part

“Ignore the noise, focus on your work”- AnonymousAs the DG of such a controversy-ridden institution, you really played your part in the fight against corruption and economic crime. Your stay at the helm of the DCEC was quickly paying dividends under your stewardship. During your tenure, there was a lot of action as those caught on the wrong side of the law were brought to court regardless of their economic or political status. We have learnt...

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