L
LequteMan
Guest
Nigeria - According to Managing Director of Resilient, Mr. Des de Beer, Nigeria offers better potential returns than South Africa, where opportunities for new retail developments have become few.
“The risk in South Africa is up but returns are down. It is time to explore fresh markets,” he said.
Also Deon Conradie, the Nigeria’s manager of PEP store recently disclosed that the company will double its investment in the country in order to meet the growing market in Nigeria for other goods aside from food. He also confirmed that company’s expansion plan will see to the opening of 10 stores per year till 2018.
This follows as more South African firms are perching their tents in Africa's largest economy, despite diplomatic tensions between the two countries.
Shoprite will be constructing 10 other shopping centers in Nigeria and South African based company Pepkor Ltd, owners of PEP stores in Nigeria have also been bought by Steinhoff International Holdings.
#Nigeria #SouthAfrica #Shoprite
“The risk in South Africa is up but returns are down. It is time to explore fresh markets,” he said.
Also Deon Conradie, the Nigeria’s manager of PEP store recently disclosed that the company will double its investment in the country in order to meet the growing market in Nigeria for other goods aside from food. He also confirmed that company’s expansion plan will see to the opening of 10 stores per year till 2018.
This follows as more South African firms are perching their tents in Africa's largest economy, despite diplomatic tensions between the two countries.
Shoprite will be constructing 10 other shopping centers in Nigeria and South African based company Pepkor Ltd, owners of PEP stores in Nigeria have also been bought by Steinhoff International Holdings.
#Nigeria #SouthAfrica #Shoprite
