Southern Africa: South Africa’s Pepkor Pulls Out Of Zimbabwe

Click here to go to Win A Day Casino Mobile!

Cape Town — 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.” 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 recognisable retail brands.


[uam_ad id=”49333″] Read the full article here!

Read the full article here! Source

Leave a Comment

E-postadressen publiceras inte. Obligatoriska fält är märkta *

Select your currency
USD Amerikanska dollar