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Chastened Choppies retreats home to licks its wounds
Choppies has finally released its much delayed full-year results for 2019 (the 12 months to June 2019), as well as its half-year results for the six months to December 2019. These delays followed an accounting scandal that arose from related-party transactions and various misstatements, which saw it replace its auditors on two occasions and trading
31st July 2020
Categories: SagaRetail News - Retail - Supermarkets - Choppies - Botswana - Kenya - Mozambique - Tanzania - Zambia - Zimbabwe - South Africa - Namibia
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Zambia and Zimbabwe weigh down Pick n Pay’s international performance
Sales at Pick n Pay’s Rest of Africa division rose by 2.8% in constant-currency terms, to ZAR4.7 billion (USD276 million), during its FY2020 (the 12 months to February 2020). Outside of its native South Africa, the chain operated 154 stores in six southern African countries at the end of February, having opened a net six
13th July 2020
Categories: SagaRetail News - Lesotho - Swaziland - Supermarkets - Supermarket - Botswana - Zambia - Zimbabwe - South Africa - Namibia
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Thinking inside the box
A small, but growing, number of African consumers are turning to vegetable boxes supplied by the likes of Zimbabwe’s Fresh In A Box, PricePally in Nigeria, Market Garden Uganda, and Tambula in Namibia as a safe and convenient alternative to open-air markets during the Covid-19 crisis. These online players mainly source fruits and vegetables directly
25th June 2020
Categories: SagaRetail News - Retail - Nigeria - Uganda - Zimbabwe - Namibia
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Pick n Pay reports profit decline in sub-Saharan markets
Pick n Pay’s annual report for the 12 months to March 2019 shows that the margins of its stores in sub-Saharan Africa have narrowed. The South African grocery retailer has outlets in six southern African countries: Botswana, Lesotho, Namibia, Swaziland, Zambia, and Zimbabwe. In spite of what it described as “economic challenges” (particularly in Zambia
2nd May 2019
Categories: SagaRetail News - Lesotho - Swaziland - Retail & Shopping Malls - Botswana - Zambia - Zimbabwe - South Africa - Namibia
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Vivo Energy accelerates its drive into non-fuel retail
Vivo Energy, which is based in the Netherlands and (following its recent 2019 takeover of Engen) now operates more than 2,000 service stations in 23 African countries, continues to expand its presence in non-fuel retail. During the first half of 2018, non-fuel retail accounted for 5% of its gross cash profit (USD10.9 million, up 22%
18th March 2019
Categories: SagaRetail News - Retail & Shopping Malls - Ghana - Kenya - Morocco - Namibia
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Go small or go home
Pick N Pay CEO Richard Brasher sees smaller stores as key to the South African supermarket chain’s international growth strategy. “There’s a big opportunity in the rest of Africa for things that are smaller, with tighter ranges and more efficient … and if we look further afield, whether its East or West Africa [the retailer
25th October 2018
Categories: SagaRetail News - Lesotho - Swaziland - Consumer - Retail & Shopping Malls - Ghana - Botswana - Nigeria - Zambia - Zimbabwe - Namibia
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South African variety store chain looks north for growth
Miniso is not the only variety-store chain seeking to expand in the sub-Saharan market. South Africa-based discount variety chain The Crazy Store currently has 347 stores, including 14 in Namibia and two in Botswana, with more on the way in both countries and longer term plans to expand into other sub-Saharan markets. Having opened its
5th September 2018
Categories: SagaRetail News - Consumer - Retail & Shopping Malls - Botswana - Namibia
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Shopping centers across Africa Report – 2017 edition
The fifth edition of the Shopping Centers across Africa Report is already available. As investment and interest from mall developers grows across the continent, the realities in the different countries are becoming more diverse. From a more sophisticated market in Northern and Southern Africa, to a close-to-saturation retail landscape in Kenya or the challenging economic
11th December 2017
Categories: Egypt - Retail & Shopping Malls - Ghana - Algeria - Angola - Countries - Benin - Botswana - Burundi - Cameroon - Cote d'Ivoire - DR Congo - Equatorial Guinea - Ethiopia - Gabon - Kenya - Libya - Morocco - Mozambique - Nigeria - Rwanda - Senegal - Sudan - Tanzania - Togo - Tunisia - Uganda - Zambia - Zimbabwe - South Sudan - Sierra Leone - Congo - Mali - South Africa - Namibia - Ivory Coast
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Shopping Malls across Africa (2016 Report – fourth edition)
To cater for the growing African middle-class, the importance of shopping malls has increased in the past few years with these centers showing strong sale and expansion growth. This publication is aimed at all existing and entering industry players looking to understand the shopping mall industry on the continent offering fact-based data and analysis.
7th September 2016
Categories: Egypt - Retail & Shopping Malls - Ghana - Algeria - Angola - Benin - Botswana - Burundi - Cameroon - Cote d'Ivoire - DR Congo - Equatorial Guinea - Ethiopia - Gabon - Kenya - Libya - Morocco - Mozambique - Nigeria - Rwanda - Senegal - Sudan - Tanzania - Togo - Tunisia - Uganda - Zambia - Zimbabwe - South Sudan - Sierra Leone - Congo - Mali - Namibia
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The KFC Index Report by Sagaci Research
Background The KFC Index was created by Sagaci Research as an informal way to gauge whether currencies in African countries are “correctly valued”. It is based on the theory of purchasing power parity (PPP), which states that exchange rates should move towards the rate that would equalize the prices of an identical basket of goods and
27th July 2016
Categories: Consumer - Egypt - Retail & Shopping Malls - Ghana - Angola - Countries - Botswana - Financial Services - Kenya - Morocco - Mozambique - Nigeria - Tanzania - Uganda - Zambia - Zimbabwe - South Africa - Namibia
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