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
A promising step for public schools, but...

For too long, the state of many public schools has been a source of shame. We have all seen the pictures and heard the stories of broken windows, unreliable water and electricity, topped by classrooms that are not fit for proper learning. The establishment of the Education Infrastructure and Management Company Ltd (EIMC) signals that authorities are finally ready to take this problem seriously. We must commend the government for this initiative....

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