Introduction To The Company
Choppies traces its history back to 1986, when Mr. Farouk Ismail opened a single retail outlet in Lobatse called Wayside Supermarket.
Mr. Ram Ottapathu formally joined Choppies in 1992 and became CEO shortly thereafter. In 1993, the Company was awarded a Spar franchise in Lobatse, and opened a further store in Gaborone in 1996 under the Family Grocer banner. The Choppies brand was introduced in 2003 and the Company began to expand throughout Botswana. Choppies opened its first store in South Africa in 2008.
Choppies is the leading supermarket grocery retailer in Botswana, with over 50% market share of the formal grocery retail channel. Choppies currently operates 124 supermarkets across Botswana, South Africa and Zimbabwe, of which 72 are in Botswana. Choppies listed its shares on the Botswana Stock Exchange on 26 January 2012.
Of the significant developments that Choppies has been active in, 2014 saw the opening of a distribution Centre in Zimbabwe. Our foresight is to grow into East Africa, with emphasis in Tanzania and Kenya. Choppies believes in potential of the African market hence the continued growth.
Brief Company History
- Founded in 1986
- #1 grocery retailer in Botswana
- The largest, most profitable and fastest growing grocery retailer in Africa, outside of South Africa
- Listed on the Botswana Stock Exchange in 2012; now the largest non-bank counter
- Listed on the Johannesburg Stock Exchange in 2015
- Market cap of c. US$550m / BWP4,900m / ZAR6,060m
- Operating 192 stores and 11 distribution centres in Botswana, South Africa, Zimbabwe, Kenya, Zambia and Tanzania
- Well-positioned to achieve its target of over 200 stores across six countries by December 2016
- Total retail space of 271 117 sqm
- Total warehouse space of 66,060 sqm
- 62,600 SKUs, including leading international brands and an extensive array of house brands (c. 16% of Botswana revenues)