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Choppies considers acquisitions in SSA expansion plan

Supermarket chain Choppies is planning to open about 30 new stores over the next 12 months in Botswana, South Africa, Zambia and Zimbabwe by pursuing an organic growth strategy complemented by possible acquisitions. It will also look at launching in the Kenyan and Tanzanian markets as it seeks to increase its market share in sub-Saharan Africa. In January, Standard Chartered Private Equity acquired a 13% stake in the company, which also held a secondary listing on the JSE in May.

Read more at Bloomberg…

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