20%-30%

Finweek English Edition - - PRO PICK -

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

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