South Africa’s discount retailer of general merchandise, Game Stores says it will not close down its business in Malawi, playing down fears that they were heading for a bust.
The Game Stores has been running its bottom low prices on items in what was feared to be a closedown clearance sale
But in a media statement made available to Nyasa Times, Game Stores said it will continue to deliver “an exciting retail shopping experience in Malawi”.
Game Stores like many other businesses aresaid to be facing punitive widerange of taxes brought in by government under its zero-deficit budget.
Government introduced two percent turnover tax in the 2011/2012 budget which has hit Game and other businesses.
Government brought in many taxes meant to generate more local revenue to support its recurrent budget after donors halted budgetary support.
In the meantime, Game Stores says business continues as usual, with special Christmass and New Year promotions and the like.
Game Stores has 88 shops in the whole of Africa and the shops spread in the countries of Botswana, Namibia, Zambia, Mauritius, Uganda, Mozambique, Tanzania, Nigeria, Ghana, Malawi and South Africa.