US EditionPick n Pay Writes Off Entire Zimbabwe Investment Amid Economic Challenges
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Pick n Pay Writes Off Entire Zimbabwe Investment Amid Economic Challenges
South African retail heavyweight Pick n Pay Group Limited has reported a staggering financial downturn in its Zimbabwean operations, writing off its entire investment in TM Supermarkets following mounting losses, economic turmoil, and currency instability. This development underscores the immense challenges faced by businesses operating in Zimbabwe’s volatile economic environment. In its audited financial statements for the 53 weeks ending March…
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