Choppies records US$1m loss on sale of Zim unit
According to Choppies’ unaudited interim financial results for the six months ended December 31, 2024, the supermarket chain’s Zimbabwe unit was a cash drain.
By Tatira Zwinoira
Apr. 4, 2025
Ncube dismisses growing business closures, corporate rescues
Further, firms like cement manufacturer Khayah Cement Limited and clothing retailer Truworths Limited entered corporate rescue in December and August 2024, respectively.
By Blessed Ndlovu
Jan. 23, 2025
Ncube dismisses growing business closures, corporate rescues
Further, firms like cement manufacturer Khayah Cement Limited and clothing retailer Truworths Limited entered corporate rescue in December and August 2024, respectively.
By Blessed Ndlovu
Jan. 23, 2025
Rising informal sector drives Choppies out of Zim
As first reported by NewsDay Business in October, the retailer had been mulling an exit from the local market due to an unfavourable economic environment.
By Tatira Zwinoira
Dec. 2, 2024
Choppies mulls Zim exit
The stress is caused by instability of the Zimbabwe Gold (ZiG) currency that was introduced in April to replace the Zimbabwe dollar as the official domestic currency.
By Tatira Zwinoira
Oct. 29, 2024
