Business / Companies
Pick n Pay invests $14 million on Zimbabwe expansion
09 Oct 2014 at 08:10hrs | Views
South African retail giant Pick n Pay has so far invested about $14 million on expansion and upgrading its operations in Zimbabwe.
The retail group through its partnership with TM Supermarkets, a subsidiary of Meikles Limited, secured about $25 million from Standard Chartered Bank to upgrade the existing chain to international standards.
Pick n Pay is opening more branches as the group seeks to expand and consolidate its market share in Zimbabwe.
Source - The Herald