Choppies story should motivate local investors
Monday, June 22, 2015
We are today talking about a company whose shares at the Johannesburg Stock Exchange were being snapped up like fat cakes following its listing and has gone a step further by signalling its intention to acquire ten stores in Kenya, which is one of the most vibrant economies in Africa.
Botswana has a number of success stories such as Choppies that continue to demonstrate that starting up in a less populated market like ours should never be used as an excuse for one’s inability to think big.
We are told of massive spin-offs for hosting countries, which we assume was the catalyst behind putting in the bid.We are not too sure if it is a one-size fits all, where any hosting nation reaps the benefits or it’s on a case-by-case basis.There are arguments from both ends, with hosting a sure way to accelerate infrastructure development and a guaranteed cash flow during the 30-days of the tournament.There is a bump in employment creation...