19 December 2014
   
New Zimbabwe Header
Police secure warrants for Mujuru companies
1 000-plus in Namibia land invasion
News analysis: When things fall apart
Mnangagwa ally’s house burnt down
Switzerland resumes Zim development aid
Govt to create HIV programme for gays
Zim political systems deficient: Holland
Prophet Angel battling brain tumour
MORE NEWS
Zimbabwe can save up to 300MW per day
State-owned IDC in $22 million loss
MORE BUSINESS
Big Brother: Sizzling end to cold affair
Media commissioner calls for reforms
MORE SHOWBIZ
Tough demands on new Dynamos coach
Musona joins Belgian outfit KV Oostende
MORE SPORTS
Behind the chaos, a glimmer of hope?
Mujuru: Politics and loyalty
MORE OPINION
 
Carnage as Grace makes her stand
Tsvangirai’s end of year message
MORE COLUMNISTS
 
 
Pick n Pay opens second store in Zimbabwe
13/12/2012 00:00:00
by Business Day
 
Second shop ... Pick n Pay expanding
 
RELATED STORIES
Barclays Zim skipped in Absa merger
RTG approves US$4, 5m rights offer
Ups and downs for Tetrad Holdings
Mzembi scoops 3 leadership awards
US$4,8m loss for StarAfrica Corp
Gvt to tighten bank ownership rules
Celsys Ltd returns up 65pc
PGI to dispose of MBD equity

PICK n Pay officially opened its second branded store in Zimbabwe on Thursday, as the company intensifies its African expansion following the recent opening of another branded outlet in Kitwe, Zambia.

The South African supermarket giant Pick n Pay has entered the Zimbabwean retail sector through an investment in TM Supermarkets, in which it now owns 49 percent.

TM Supermarkets has an extensive network of branches across the country and some of these are being rebranded as Pick n Pay stores.

The new Pick n Pay-branded store, in Harare’s upmarket Westgate suburb, encompasses the supermarket, liquor and clothing outlets.

"The Pick n Pay store will offer an experience as unique as any," TM Supermarkets chief operating officer Bisset Chimhini said.

However, Pick n Pay has encountered criticism from Zimbabwean government officials, who have ramped up the pressure on the company to pick its stock from local producers.

Zimbabwean Justice Minister Patrick Chinamasa said last month: "The coming into the country (for instance of) Pick n Pay … is not the kind of foreign direct investment that would be in the interest" of the country. He said "99 percent" of the stock in Pick n Pay outlets in Zimbabwe was imported from South Africa.

This is despite the fact that Zimbabwean manufacturers are struggling for viability and operating below 50 percent of capacity utilisation.

Mr Chimhini has said the new Pick n Pay store in Harare will procure "the majority" of its stock from local producers. He said this was aimed at supporting local industry and stimulating growth in the country’s manufacturing sector.

As part of the company’s policy, the Pick n Pay shop will devote 40 percent of its floor space to fresh produce in "response to" increased calls for healthy eating and living.

Onias Makamba, the finance director at Meikles Limited, Pick n Pay’s partner in Zimbabwe, said the company would open two more branded stores this month, in Chinhoyi and Hwange, both outside Harare.

He said the first store, in Kamfinsa, was performing well.

"Forward planning suggests that TM Supermarkets will require further funding," Meikles chairman John Moxon has previously said. Funding was needed to "accelerate" refurbishments and pave the way for the opening of new supermarkets.



Advertisement


 
Email this to a friend Printable Version Discuss This Story
Share this article:

Digg it

Del.icio.us

Reddit

Newsvine

Nowpublic

Stumbleupon

Face Book

Myspace

Fark
 
 
 
comments powered by Disqus
 
RSS NewsTicker