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Raj Modi Acquires Choppies Supermarkets

3 months agoFri, 20 Dec 2024 06:42:09 GMT
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Raj Modi Acquires Choppies Supermarkets

Retail chain Sai Mart will take over control of Choppies Zimbabwe outlets starting January 1, following Choppies Enterprises Limited’s announcement to exit the Zimbabwean market.

Sai Mart, owned by legislator and Deputy Minister of Industry and Commerce Raj Modi, currently operates six branches in Bulawayo.

During a media briefing in Bulawayo on Thursday, December 19, Modi confirmed that Choppies supermarkets will be rebranded as Sai Mart in the coming weeks. He said (via Chronicle):

As of January 1, 2025, we will take over Choppies Zimbabwe outlets, and they will be rebranded as Sai Mart.

However, Modi did not specify whether the acquisition includes all Choppies outlets nationwide or only those in Bulawayo.

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Choppies entered the Zimbabwean market in 2013 by acquiring several Spar shops and expanded its footprint in 2014 by opening a distribution centre in the country.

The retailer currently operates 30 grocery stores nationwide under its subsidiary, Nanavac (Pty) Ltd, trading as Choppies Zimbabwe.

On November 29, 2024, Choppies announced its plans to sell its Zimbabwean operations. In a notice issued to the Botswana Stock Exchange (BSE), Choppies highlighted the shift in Zimbabwe’s retail landscape over the past two years, with a growing trend towards informal retail activities.

More: Pindula News

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15 Comments

Z · 3 months ago
WHEN SOMEONE CLOSES SHOP THERE'S ALWAYS SOMEONE OPENING. LIFE WILL ALWAYS GO ON.
👍 · 3 months ago
phelekezela mpoko is the one to blem Abt choppies
Jah🇿🇼Tsvarie-07 · 3 months ago
Why is it when some close doors, business men in politics take over and make profits, ZIMRA bass iro no need for door to door...
sad emoji1
Choppies · 3 months ago
Or name it whatever tino tenga kuma tuckshop aku vhura Acha vhara nekuti pane mweya weku nyudza mari
Choppies · 3 months ago
Not just S. A kwa kawanda mwana wacho hana direction kuda vakadzi to much aka tadzaa kuonera ndi tsaga
Martin Moyo · 3 months ago
Even in South Africa they closed their shops long time ago
dok25 · 3 months ago
Businesses collapsing due to politicians' decisions and the politicians take over the businesses
Zimba🇿🇼Original · 3 months ago
Choppies ndiyo here yanga iri ya the Late Mphekezela Mpoko
nhubu · 3 months ago
𝐡𝐚𝐦𝐞𝐧𝐨 aaaaa
gumlaz · 3 months ago
2030 inenge yakunzi Ed Mart kkk
Comrade Trabablas · 3 months ago
Trabablas Investment trading as masimba kuvanhu
laugh emoji1
zig zigler · 3 months ago
ma Indian pahukama
Black Mambazo · 3 months ago
lose dzega dzega

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