Breaking News

Pick n Pay officially opens second store in Zim

by Tawanda Karombo I Business Day
13 December 2012 | 3588 Views
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.

Pick n Pay has entered the Zimbabwean retail sector through an investment in TM Supermarkets, in which it now owns 49%.

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%" 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% 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% 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.

Store Pick n Pay

Source: Tawanda Karombo I Business Day


News Updates


Latest News

Two cops shot dead in Chipinge - Two police officers and a suspected p...

by Staff Reporter | 28 November 2015 | 1728 Views

Mphoko challenges Bulawayo - Acting President Phelekezela Mphoko has c...

by Staff reporter | 28 November 2015 | 2246 Views

Mugabe's white man

by Staff reporter | 28 November 2015 | 3295 Views

WATCH: White man chanting Mugabe slogans - Peter Haritatos is a busin...

by facebook | 28 November 2015 | 2108 Views

'Zimbabwe to reverse failed indigenisation,' says Mnangagwa - Vice Pre...

by Staff reporter | 28 November 2015 | 2445 Views

Tsholotsho FC survives relagation - 2015 FINAL LOG STANDINGSC* Chicken...

by sports reporter | 28 November 2015 | 2686 Views

South African General work visa - A Tale of unintended consequences

by Munyaradzi Nkomo . B.Com Law ; LL.B UWC | 28 November 2015 | 1966 Views

Mugabe's former ally opens lid on Gukurahundi - Respected Zanu-PF elde...

by Staff reporter | 28 November 2015 | 2030 Views

Security company demands $186 000 from Pioneer Transport

by Staff reporter | 28 November 2015 | 1245 Views

Didymus Mutasa makes a surprise appearance in public

by Staff reporter | 28 November 2015 | 2572 Views

$6 million worth of Zimbabwe bond coins trigger widespread cheer

by Staff reporter | 28 November 2015 | 1377 Views

'Mugabe must name successor' - With Zanu-PF's seemingly unstoppable fa...

by Staff reporter | 28 November 2015 | 910 Views

Soldiers, police deployed in rural areas to instill fear among village...

by Staff reporter | 28 November 2015 | 2195 Views

Mugabe central in Zanu-PF factional wars - FORMER Midlands governor Ce...

by Staff reporter | 28 November 2015 | 1483 Views

MP digs into Presidential input scheme - MP for Mutasa Central Trevor ...

by Stephen Jakes | 28 November 2015 | 871 Views

Zupco imported buses still parked due to govt failure top pay duty

by Stephen Jakes | 28 November 2015 | 1849 Views

'Hungry' Zimbabwean journalists receive hampers from Grace Mugabe - Ch...

by Staff reporter | 28 November 2015 | 1425 Views

Econet not treating us as buddies - Gwanda residents have expressed an...

by Staff Reporter | 28 November 2015 | 912 Views

Woman seeks protection from son's girlfriend - AFTER receiving several...

by Collette Mukome | 28 November 2015 | 1100 Views

Jonathan Moyo rallies Tsholotsho FC

by Sikhumbuzo Moyo | 28 November 2015 | 1995 Views

Hubby snatcher escapes jail term - ATTACKING the wife of her boyfriend...

by Collette Mukome | 28 November 2015 | 1393 Views

Woman confessed to stealing 5 times from the same supermarket without ...

by Elizabeth Tsuro | 28 November 2015 | 1344 Views

Street knockdown man dies

by Whinsley Masara | 28 November 2015 | 3255 Views

Businesswoman wrecks marriage - RUSAPE businesswoman, Gladys Svosve - ...

by Lovemore Kadzura | 28 November 2015 | 2323 Views


Bob Marley family confront Zimbabwe Music Awards

by Bongani Ndlovu | 25 November 2015 | 4470 Views

WATCH: Late Night show's analysis of Zanu-PF factional battles - LATE ...

by Staff reporter | 24 November 2015 | 2938 Views

Pregnancy won't stop me from flying, says Sandra Ndebele

by Bongani Ndlovu | 24 November 2015 | 4529 Views

Frustrated Hosiah Chipanga dumps Zimbabwe

by Staff Reporter | 24 November 2015 | 5733 Views

Miss Rural Goromonzi Crowned - It was a day to remember for the Goromo...

by Stephen Jakes | 24 November 2015 | 1786 Views

Heavily pregnant Sandy delays flight for an hour

by Staff reporter | 23 November 2015 | 8392 Views

Eutelsat to speed up Zimbabwe digitisation

by Staff reporter | 23 November 2015 | 1971 Views

Five Reliable Outlook Pst File Repair Tools

Outlook pst files can become corrupted -- and when that happens, work grinds to a halt. if your organization relies on outlook, one of these tools could save the day. outlook is the industry standard groupware tool. let's take a look at five that can... Read More
ITnews 04 May 2015 ago

Hp Omen 15-5116tx – The Next Generation Gaming Laptop

the hp omen 15-5116tx is being targeted at the performance hungry gamers. it comes in a single variant boasting an eye-catching attractive design. the notebook offers a slim, lightweight chassis and appears like a piece of art than an actual gaming... Read More
Sergey 11 June 2015 ago