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April 18, 2012

UPDATE: S AFRICA: Pick n Pay plots expansion into Malawi, DRC

South African retailer Pick n Pay has revealed it will expand its operations on the African continent over the coming year, with plans to enter Malawi and the Democratic Republic of the Congo.

South African retailer Pick n Pay has revealed it will expand its operations on the African continent over the coming year, with plans to enter Malawi and the Democratic Republic of the Congo. 

A spokesperson for the group, South Africa’s second-largest retailer, told just-food today (18 April) the company will move into Malawi and the DRC in the second and third quarters of next year. 

“The DRC will be a corporate operation and Malawi, at this stage, a master franchise [agreement] but this may change,” the spokesperson revealed. 

Through a master franchise agreement, Pick n Pay will grant a master franchisee the right to grant further franchises in Malawi. The company has entered various territories, such as its recent expansion into Mozambique, in a similar fashion. 

“Both of these countries will be greenfield sites at this stage but if any acquisitions present themselves we would of course have a look at them.”

Earlier today, Pick n Pay reported an 8.1% increase in full-year sales but a 10.6% drop in profits, which were dented by the retailer’s extensive capital expenditure programme.  

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