Supermarkets, with 10 outlets in Kenya, for around R120m.)
Its current distribution infrastructure will allow it to increase its store base to 100 in SA without adding additional i nf r a s t r uc t u r e . Higher c apacit y utilisation will lead to better economies of scale and cost benefits, which will drive further organic growth. In SA, Choppies doesn’t compete head-on with the likes of Checkers and Pick n Pay – it targets the smaller towns where there is an undersupply of retailers.
In the three years to end June 2014, Choppies achieved a compound annual growth rate (CAGR) of 27% in total revenues and a CAGR of 34% in gross