Pick 'n' Pay To Invest US$25mn As Retail Transformation Gathers Pace

Further emphasising copper-rich Zambia's appeal to South African mass grocery retailers (MGRs), Pick 'n' Pay plans to invest US$25mn over the next five years. Although it is competing toe-to-toe with its rival Shoprite in South Africa, the latter has significantly more exposure to the wider Sub-Saharan African region - currently operating more than 70 stores in 16 countries. As the competitive South African market matures, the country's leading retailers will probably find much of their top line growth being driven by international

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