Spar Group pulls out of Zimbabwe citing tough economy
JOHANNESBURG – South African retailer and wholesaler Spar Group has closed its distribution centre in Zimbabwe due to weak economic growth and will now supply independent stores from South Africa, the firm’s chief executive said on Wednesday.
“The economy was just too tough… payment issues, infrastructure issues, so it was better that we exited,” Spar Group chief executive Graham O’Connor told Reuters.
116 total views, 116 views today
The post Spar Supermarkets pulls out of Zimbabwe citing tough economy appeared first on Zimbabwe Today.