Email a copy of 'PTC closes 20 shops: 'Trying harder in Malawi economic turmoil'' to a friend
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Email a copy of 'PTC closes 20 shops: 'Trying harder in Malawi economic turmoil'' to a friend
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A 14 year-old Burundi national on Sunday (10th January, 2015) was found hanging from a roof of a house at...
Which Kasungu People’s has bin closed? Zabodza zimenezi, am in the same Shop buying bread right now.
PTC was doing well in those days because foreign trading businesses could not have been allowed in Malawi. There was no good reason why we could need them in Malawi and Kandodo was another alternative for foreign merchandise. Countries protect their domestic businesses by blocking entry if companies that just finish our forex for importing even eggs and vegetables.South Africa protects her domestic businesses such as car manufacturers. No scraps we buy here are allowed entry on the local market. Secondly PCL CEO has never done any good to the group. This at one time mighty business with a healthy… Read more »
CHIKAONDA CHIKUWONDESA PCL INSTEAD OF KUKULISA BUSINESS
Since Mathews Chikaonda took over the management of PCL in 2002 forced by one AKB, this guy has shrunk the size of the group to 10% of what it is today.He managed to close down Press Agriculture, Maldeco is struggling, Press Cane is suffering, Carlsberg makes very little profits and closed a number of subsidiaries.Chinanso bambowa kudya mkhola momo has spoilt the management set up.The bonuses they pay each other at Head office, the car allowances that Directors get in millions per month are not warranted.If one looks at the PCL Balance shet and you remove NBM revenue, PCL is… Read more »
Malawi Is Still Detoriating Interms Of Economic Development. This Is A Very Sad Motion
#44 u r more than an Idiot!!!!!
Zinayamba chomchi ndi Hardware & General Dealers yomwe inali ponse ponse m’Malawi. History is just repeating itself with Chikaonda at the helm. Twenty shops were closed, then another ten then five then the whole company. Tiyeni nazoni!!! But main problem is that these companies die because they fail to compete with other traders, they are top-heavy and management are clueless as to what they can do to change with times. Kamuzu should be turning and turning in his grave to see his dreams going to waste. Shame!!!
Hahaha kma vuto amakhala ma big man spending lots of money pamene akuwona kti sizikuyenda bwino
That’s the consequences of employing managers who are not qualified. That’s the consequences of not using computers in the shops. Its very difficult to detect fraud if you are on manual systems. If you find a manager with a Junior Certificate at the Head Office, what about in shops. Cheap labour cost them a lot. See how much the employees are getting from PTC. These employees know the tricks for survival. They will be closing for sure. Not innovative management
Our Governor says he was suprised how businesses are operating, well Mr Chuka have you now seen the effects of kwacha loss, people dont have money, the kwacha loss has eroded peoples purchasing power, and this will mean more businesses will close down, Government needs to act now and stablise the kwacha before we turn into beggars.