REGIONAL retailer Choppies says its segments saw volume growth of eight percent during the half year ended December 31, 2023, with only Zimbabwe experiencing negative volume growth.
The retailer said Zimbabwe’s sales declined by 35,4 percent during the half year period, weighing down the overall group operations.
The retailer said the economic situation in Zimbabwe continues to be a challenge to the segment as Choppies may need to fund its operations.
“As reported in our June 2023 results, the Zimbabwean Dollar (ZWL) continued to significantly weaken during the reporting period,” Choppies said in its financials.