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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?ou 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. ---------- Pindula is best experienced with the Android App. *Download APK here:* https://zero.pindula.co.zw/media/apps/apks/pindula23.apk _On Econet, Pindula does NOT use your data_ ---------- 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 itel A50 now available on Pindula at $84 64GB storage, 2GB RAM. _ideal for light usage_ _If you found this article useful_ *Please support Pindula by forwarding to friends and groups*
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