Swaziland
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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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The latest KFC Index shows that Southern African currencies remain the continent’s most undervalued
The Zimbabwean dollar (ZWD) is currently the most overvalued currency in Africa, according to Sagaci Research’s KFC Index for Q2 2020, which is based on data collected during June. The index utilises the price of KFC chicken buckets in different countries to estimate US dollar (USD) exchange rates for African currencies. These “implied” rates are then
10th July 2020
Categories: Foodservice - Swaziland - Blog - Egypt - Ghana - Uncategorised - Botswana - Cote d'Ivoire - Gabon - Kenya - Morocco - Nigeria - Rwanda - Senegal - Tanzania - Tunisia - Uganda - Zambia - Zimbabwe - South Africa
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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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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