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Pick n Pay Sees Smaller Stores as Key to Unlocking Africa Growth

  • CEO taking cautious approach to expansion outside South Africa
  • Domestic sales growth returns after 2017 job reduction plan
A customer pushes a shopping cart through the fresh produce aisles inside a Pick n Pay Stores Ltd. supermarket in Johannesburg.
Photographer: Waldo Swiegers/Bloomberg

Pick n Pay Stores Ltd. sees the potential for expansion in sub-Saharan African countries such as Zambia and Zimbabwe if the Cape Town-based supermarket chain sticks to smaller stores with lower prices.

A cautious approach is required as the grocer explores options for international growth, Chief Executive Officer Richard Brasher said in a phone interview on Tuesday. “Its a long journey,” he said. “No one doubts at the potential -- the question is when.”