The Year Of The Choppies Juggernaut :: Mmegi Online

From Lobatse, Botswana to the Johannesburg Stock exchange, right through to one of the biggest markets in East Africa, the Choppies juggernaut bulldosed its way over the sub continent in 2015, to cement its rising tag as a pan African retail giant.

Reflecting on the year, Choppies director Ram Ottapathu singled out the listing in the Johannesburg Stock Exchange as a milestone moment for Choppies, although the process also required him and fellow directors to shed off significant chunk of their shareholding to meet the minimum required to float in the JSE. “It’s not that I wanted to, I was forced to sell, but I’m still the biggest shareholder and I have got no intention to step down”, says the man famously known as Ram.

South Africa became Choppies’ target for market expansion in the same period as the Botswana company took their tally of stores in the country to 40, adding 12 new stores in the Limpopo, Mpumalanga, Free State, and the North West Provinces.

Already have an active account? Log in here.

Or Sign up and get unlimited access to premium articles.

Explore

More

The Year Of The Choppies Juggernaut

From Lobatse, Botswana to the Johannesburg Stock exchange, right through to one of the biggest markets in East Africa, the Choppies juggernaut bulldosed its way over the sub continent in 2015, to cement its rising tag as a pan African retail giant.

Investor sees light at the end of Gunners’ tunnel

Gunners allay fears

BFA terminates All Kasi contract

Premiership’s defining moment

Grand Palm hosts throwback celebration for the ’70s & ’80s

DIS does recruit thieves – Magosi

Tautona Lodge owned by DIS – Magosi

State ministry distances itself from Tautona Lodge procurement

When power scorns accountability