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formal retail sector

FILE PHOTO: Pick n Pay sales grow but warns on extra costs from power cuts
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Pick n Pay Closes First Hypermarket in South Africa

VANDERBIJLPARK, South Africa – Pick n Pay has closed its Vaal Hypermarket in Vanderbijlpark, marking the first hypermarket closure in the company’s history. The store, located in the Bedworth Centre on Barrage Road (R42), ceased operations in November 2023. The closure predates
December 11, 2024
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Zimbabwe retailers warn of closures amid currency crisis

Major retailers in Zimbabwe have warned that they face potential closures due to the country’s ongoing currency crisis. The Retailers Association of Zimbabwe (RAZ), which represents leading chains such as OK Zimbabwe and TM Pick n Pay, says the situation is “untenable”.
September 23, 2024