Tag: Choppies

Botswana retailer Choppies stock resumes trading after 20-month suspension

GABORONE, Botswana (Reuters) - Trading in shares of budget retailer Choppies resumed on the Botswana Stock Exchange (BSE) on Monday after a 20-month suspension following the company’s failure to publish...

Why suspended Choppies CEO believes he will be reinstated next month

Botswana supermarket chain Choppies plans to exit its South African operations. The retailer has been battling several mishaps since last year when its shares were suspended on the JSE and Botswana Stock Exchange over the delayed submission of its results. In May its CEO was suspended over allegations of accounting irregularities now an extraordinary general meeting will be held next month, where his reinstatement will be on the agenda. CNBC Africa is joined by the co-Founder of Choppies, Ramachandran Ottapathu.

African supermarket chain, Choppies to chop South African assets

Botswana-born supermarket chain Choppies plans to exit its South African operations, either in whole or part.

Choppies’ suspended CEO to fight back

Choppies announced it was suspending its CEO, Ramachandran Ottapathu, after allegation of financial mismanagement at the Botswana based retailer. Ramachandran Ottapathu joins CNBC Africa for more.

Botswana’s Choppies to open 40 new stores in region

Botswana’s Choppies Enterprises, a budget retailer with operations in seven African countries, plans to open 40 more stores in the region by mid-2018 at a cost of about 300 million pula ($29...

Botswana’s Choppies to spend $55 million on expansion plan

Botswana budget retailer Choppies Enterprises plans to spend 570 million pula ($55 million) to open more stores in Africa in the next 15 months, its chief executive said on Tuesday. Choppies, a no-frills...