March 11, 2023 - The Financial Gazette

High costs weigh down Choppies

Almot Maqolo, Staff WriterMarch 11, 20230679 views

REGIONAL retailer Choppies says cost constraints were only partially relieved by increased prices for the six months ended December 31, 2022. Choppies is the largest retailer in southern Africa outside of South Africa, with over 161 stores across Botswana, Zimbabwe, Zambia and Namibia and eight distribution centres. “The group faced a demanding economic environment characterised…

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CBZ solicits for agriculture funding

Almot Maqolo, Staff WriterMarch 11, 20230724 views

CBZ Holdings (CBZ) says it is negotiating with international banks to secure financing for farmers in Zimbabwe. The country’s biggest financial services group already has significant exposure to the agricultural sector through its involvement in Command Agriculture and other government-driven agricultural funding schemes. “So, you recall that, or you are aware that we play a…

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