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 […]
South African retailer Game Shop has for the past 9 weeks been running its bottom low prices on items in what inside sources say is a strategy to offload wares as it prepares to shut down in Malawi. Despite having all tell-tale signs frustration due to the punitive widerange of taxes brought in by government […]
The real impact from Malawi’s zero-deficit budget have now completely reared its ugly face as taxes meant to generate more local revenue have hit hard the private sector with major retailers scaling down operations. Press Corporation Limited (PCL) have reduced its workforce under subsidiary PTC and Peoples in rural areas while sources have said Shoprite […]