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
Doping needs our collective action

As such, we are now one step away from the shame of being labelled amongst the world’s worst offenders. This is a national embarrassment that demands an immediate, united response from every corner of our society. Pointing fingers is useless, we must all hold up our hands and play our part in the dealing with this matter.To our government and the Botswana National Sports Commission (BNSC), the call is for the to adopt decisive leadership and...

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