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*South Africa's Pepkor To Exit From Power Sales In Zimbabwe* *Follow Pindula on WhatsApp for daily new updates* https://whatsapp.com/channel/0029Va84dngJP21B2nWeyM3v?ju South African company Pepkor has said it’s pulling out of Zimbabwe due to losses it’s been making in the country. The company says it made made a loss of 70 million rand (US $4.8 million) in the year up to 30 September. ---------- *HOT DEALS:* *itel A70 - (128GB, 3GB RAM) $89,* *itel A70 - (256GB, 4GB RAM) $99* *itel P40 (128GB, 4GB), (6000mAh) $99* *itel P40 (64GB, 4G), (6000mAh) $93* *LATEST: itel S24 (128) $124; S24 (256GB) $159* Cash on Delivery in Harare & Bulawayo. Tinotumira kwamuri inosvika. WhatsApp: 0️⃣7️⃣8️⃣3️⃣ 4️⃣5️⃣0️⃣ 7️⃣9️⃣3️⃣ ---------- Said Pepkor in a statement: > During the year, the board decided to exit the group’s Zimbabwe business, under the Power Sales brand. The decision was mainly driven by the increasing difficulty to trade in Zimbabwe as result of adverse macroeconomic conditions. Management is in final negotiations with the relevant parties to conclude the terms of sale > The decision to exit Zimbabwe was based on the continued adverse macroeconomic conditions affecting trading and the weakening currency. Pepkor operates the retail shops under the PEP brand. In Zimbabwe, the company was operating under the Power Sales brand. More: Reuters _If you found this article useful_ *Please support Pindula by forwarding to friends and groups*
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