Breaking News

Pick n Pay officially opens second store in Zim

by Tawanda Karombo I Business Day
13 December 2012 | 3681 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

Comments

Latest News

Convicted double murderer sentenced to 10 years

by Staff Reporter | 01 May 2016 | 115 Views

Intra-party clashes rock Zanu PF Bulawayo province

by Stephen Jakes | 01 May 2016 | 151 Views

11 injured in accident - 11 people were injured in a traffic accident ...

by Staff reporter | 30 April 2016 | 1888 Views

The hellhole that Zimbabwe has become - As Zanu PF bigwigs continue to...

by Ndakaziva Majaka and Mugove Tafirenyika | 30 April 2016 | 1229 Views

Mushohwe stresses need for responsible journalism - INFORMATION, Media...

by Pamela Shumba | 30 April 2016 | 477 Views

15 years for rape - A 22-year-old Mphoeng man was yesterday slapped wi...

by Thandeka Moyo | 30 April 2016 | 922 Views

Treger, ZRP women's club steal the limelight - TREGER Products and ZRP...

by Nqobile Tshili | 30 April 2016 | 809 Views

Nengomasha joins CT All Stars - Cape Town All Stars have signed former...

by Sports reporter | 30 April 2016 | 989 Views

Bulawayo youth suburb takes shape - THE Minister of Local Government, ...

by Whinsley Masara | 30 April 2016 | 726 Views

Hundreds attend Chiza's book launch - MOTIVATIONAL author, Marshal Chi...

by Danisa Masuku | 30 April 2016 | 391 Views

35 lawyers barred - The Law Society of Zimbabwe has barred 35 lawyers ...

by Staff reporter | 30 April 2016 | 661 Views

Gold panners put Kwekwe residents at risk - DISUSED and unsecured mine...

by Lovemore Zigara | 30 April 2016 | 381 Views

Councillors demand vehicles - RURAL District Council chairpersons have...

by Whinsley Masara | 30 April 2016 | 326 Views

Jonathan Moyo bristles at Mavhima attacks - THE Minister of Higher and...

by Auxilia Katongomara | 30 April 2016 | 761 Views

Makoti sobs after marriage stopped - A BULAWAYO woman's dream of marry...

by Tanaka Mrewa | 30 April 2016 | 938 Views

National pledge court bid fails - A GOVERNMENT policy requiring all sc...

by Daniel Nemukuyu and Leonard Ncube | 30 April 2016 | 420 Views

ZEC confirms Senators - The Zimbabwe Electoral Commission has confirme...

by Staff reporter | 30 April 2016 | 368 Views

Hands off my ex-wife, Kereke tells prosecutor - Zanu-PF Bikita West le...

by Fungai Lupande | 30 April 2016 | 426 Views

Zimbabwe sets June deadline for improved business climate - THE Chief ...

by Staff reporter | 30 April 2016 | 313 Views

Envoy hails Zimbabwe-SA business ties - SOUTH Africa's Ambassador to Z...

by Staff reporter | 30 April 2016 | 298 Views

It's always special to beat CAPS Utd, says Mutuma - DYNAMOS forward Ro...

by Eddie Chikamhi | 30 April 2016 | 649 Views

Investors wont easily come to Zimbabwe - SA envoy says - Newly appoint...

by Staff Reporter | 30 April 2016 | 1778 Views

Redcliff water crisis leads to babies' deaths - Kasukuwere needs to ur...

by Tendai Ruben Mbofana | 30 April 2016 | 951 Views

Bulawayo, Harare men shun circumcision - Bulawayo and Harare men are r...

by Staff Reporter | 30 April 2016 | 1221 Views

Seeking ethnic solutions in Zimbabwe is going global - Part four - We ...

by Nomazulu Thata | 30 April 2016 | 875 Views

Zimbabwean found dead in South Korean hotel - A Zimbabwean has  r...

by Thobekile Zhou | 30 April 2016 | 2792 Views

Egodini Mall fiasco: Vendors and kombis going nowhere? - APPROXIMATELY...

by Staff Reporter | 30 April 2016 | 2313 Views

We don't exploit our customers - NetOne boss - NetOne acting chief exe...

by Staff Reporter | 30 April 2016 | 1604 Views

Entertainment

Busi Mhlanga flies Zimbabwe flag high in foreign lands

by Mafu Sithabile | 29 April 2016 | 5025 Views

Bev, Zoey unite - Pole dancers Zoey Noleen Sifelani and Beverly Siband...

by Staff reporter | 28 April 2016 | 2082 Views

Peter Moyo dumps fans, opts to sing at Magaya's church

by Staff Reporter | 28 April 2016 | 3422 Views

I belong to Africa, says Dorothy Masuka - DESPITE being a darling of m...

by Bruce Ndlovu | 28 April 2016 | 2168 Views

Hip-hop artistes salute Mugabe's son - Budding hip-hop artistes Panash...

by Staff reporter | 28 April 2016 | 2325 Views

Popular comedian Madlela releases 'comic' music album

by Divine Dube | 27 April 2016 | 2816 Views

Tau bounces back to Generations - Generations: The Legacy lead actor R...

by Staff reporter | 27 April 2016 | 4105 Views
iBlog

What To Look For In Video Converter Software

looking for the best video converter software? you have to compare different video converters before making a purchase.the ability to watch video on different types of devices is a wonderful thing. not so wonderful are the compatibility issues that ... Read More
Sergey 19 June 2015 ago

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