South African Retailer Exit Zimbabwe, Citing Economic Crisis

Nov 26, 2019 · 1m 1s
South African Retailer Exit Zimbabwe, Citing Economic Crisis
Description

South African retailer Pepkor Holdings has announced that it will exit Zimbabwe after an economic crisis in the country hurt its performance, Reuters reports. The news agency quotes a Pepkor...

show more
South African retailer Pepkor Holdings has announced that it will exit Zimbabwe after an economic crisis in the country hurt its performance, Reuters reports. The news agency quotes a Pepkor statement as saying: "The decision to exit Zimbabwe was based on the continued adverse macroeconomic conditions affecting trading and the weakening currency." ZimLive.com reports that Pepkor operates retail shops under the Pep brand in South Africa. In Zimbabwe, the company was operating as Power Sales, after buying one of the country's most recognizable retail brands.
show less
Information
Author Africa Business Radio
Organization Africa Business Radio
Website -
Tags

Looks like you don't have any active episode

Browse Spreaker Catalogue to discover great new content

Current

Podcast Cover

Looks like you don't have any episodes in your queue

Browse Spreaker Catalogue to discover great new content

Next Up

Episode Cover Episode Cover

It's so quiet here...

Time to discover new episodes!

Discover
Your Library
Search