Breaking News

Pick n Pay officially opens second store in Zim

by Tawanda Karombo I Business Day
13 December 2012 | 4589 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

Are housemaids an evil lot?

Yes
27.12%
No
64.41%
Not sure
8.47%
472

Comments

News Updates

Email:

Latest News

Mphoko speaks on new job - Vice President Pelekhezela Mphoko says his ...

by Staff reporter | 18 December 2014 | 1059 Views

Knowledge Musona moves to Belgium - Zimbabwe national soccer team stri...

by Sports reporter | 18 December 2014 | 688 Views

Zimbabwe cricket coach Mangongo fired, Murray Goodwin linked to take o...

by Sports reporter | 18 December 2014 | 511 Views

In the name of Dr. Morgan Tsvangirai

by Dr. Wangu Mazodze | 18 December 2014 | 2519 Views

Boko Haram kidnaps 185 women and children, 32 killed

by Staff Reporter | 18 December 2014 | 1754 Views

A chat with Auntie Noe - 11 things that mean more to men than 'I Love You'

by Nobuhle Virgie | 18 December 2014 | 3314 Views

Disrespectful men attack woman in public over short dress - Video - Th...

by Moyo Roy | 18 December 2014 | 4605 Views

Zanu-PF workers to get bonuses - PRESIDENT Robert Mugabe's cash-strapp...

by Staff reporter | 18 December 2014 | 1884 Views

Telecel launches 'keep your digits' promotion - The battle to win over...

by Staff reporter | 18 December 2014 | 1810 Views

The President's dismissal of VP Mujuru is a welcome development - The ...

by Mukachana Hanyani | 18 December 2014 | 3125 Views

Mnangagwa, Grace Mugabe plot takeover - Emmerson Dambudzo Mnangagwa is...

by Staff reporter | 18 December 2014 | 7271 Views

Didymus Mutasa linked farm invaded - MAKONI farmer Dumisani Daniel Mli...

by Staff reporter | 18 December 2014 | 3469 Views

ZSP applications concerns and warning - It is about 2 weeks before the...

by Butholezwe Nyathi (National Coordinator-MWA-SA) | 18 December 2014 | 2856 Views

Mujuru's political obituary? Don't write her off yet!!

by Maggie Mzumara | 18 December 2014 | 3480 Views

Panic over Form 1 places - PANIC and desperation have gripped many par...

by Staff reporter | 18 December 2014 | 2196 Views

2014 in Zimbabwe politics - WHAT a year in politics 2014 has been! Mov...

by Andrew Kunambura and Ray Ndlovu | 18 December 2014 | 820 Views

Call for Mnangagwa to rule is as absurd as letting a rapist finish

by Wilbert Mukori | 18 December 2014 | 3323 Views

Mugabe's target survives

by Staff reporter | 18 December 2014 | 3825 Views

Tendai Biti speaks about Zanu-PF - Video - "Emmerson can replace Mujur...

by Staff reporter | 18 December 2014 | 2243 Views

'Its inqayi not udiwo lwamahewu, Dairiboard please get that straight'

by Concerned Citizen | 18 December 2014 | 2442 Views

Ndebele language cartoon - Picture - Following the mutilation of the N...

by Staff reporter | 18 December 2014 | 3339 Views

Man steals prostitute's cellphone for denied 'seconds'

by Nokusa Masuku | 18 December 2014 | 3271 Views

White Africa President rejects cabinet's call for resignation

by Reuters | 18 December 2014 | 2883 Views

'Mugabe stole my Xmas'

by Staff reporter | 18 December 2014 | 2567 Views

Tsvangirai wants Biti, Ncube back - Video

by Staff reporter | 18 December 2014 | 2925 Views

MDC-T council to name suburb after Mujuru

by Staff reporter | 18 December 2014 | 3000 Views

Students rejects Muchinguri as Higher Education minister - Zimbabwe Na...

by Staff reporter | 18 December 2014 | 3978 Views

'It's not over,' says Mutasa

by Staff reporter | 18 December 2014 | 5144 Views

Entertainment

Designer sale off 2014

by Hunnar Agency | 18 December 2014 | 987 Views

10 Zim designers to feature in iFashion Fest 2014

by Hunnar Management Agency | 18 December 2014 | 860 Views

Kunonga releases fourth album, Kwedu - AFRO-JAZZ singer Victor Kunong...

by Staff Reporter | 18 December 2014 | 402 Views

Ibumba roars into life with Tuku expected to headline the event - THE ...

by Simbarashe Mutizwa | 16 December 2014 | 1000 Views

Hollywood star 007 in drive to save Zimbabwe elephants - HOLLYWOOD st...

by Staff Reporter | 16 December 2014 | 2604 Views

T1 Wema1 drops new single 'Anochera Ngoda'

by Staff Reporter | 15 December 2014 | 1405 Views

Miss World 2014 - LIVE Grand Final - https://www.youtube.com/watch?v...

by MissWorld | 14 December 2014 | 4883 Views
iBlog

Four In 10 Americans Face Regular Online Fraud Attacks

Microsoft offers four primary tips to help protect users from identity theft:• be selfish and defensive with personal information by not sharing sensitive details in emails, and instant and text messages• create, use and keep secret so-called “... Read More
SecNews 24 October 2014 ago

The Nsa Gets An Ok For Telephony Metadata Collection Yet Again

As much as we’d like to forget about the national security agency (nsa) and its mass surveillance program, it seems that there is no distracting ourselves from this unnerving reality.missing from the news for quite some time now, the issue has resu... Read More
SecNews 09 July 2014 ago