Meikles Limited’s associate Pick ’n Pay Stores Ltd has said it will open a store in Maputo, the capital of Mozambique, in March next year after signing a franchise agreement with Retail Masters in the country.
In a statement yesterday, South Africa’s second-largest grocer said the roll-out would start with a 3 000 square-metre outlet, followed by three more stores in the Greater Maputo district by the end of 2011.
“We have identified numerous opportunities for further sites and we see enormous potential in the country which we believe is considerably under-penetrated in terms of the kind of retail offering we will provide,” Dallas Langman, head of the Group Enterprises, said in the statement.
Pick’ n Pay has recently doubled its stake in TM Supermarkets, which runs 51 shops in Zimbabwe and now has stores across most of southern Africa, having opened its first outlet in Zambia in July.
The South African grocer also operates 17 stores in Namibia, 12 in Botswana, seven in Swaziland and one in Lesotho.
Pick’n Pay last month said it would accelerate the expansion of its footprint in Africa to cordon off US retailer Wal-Mart, which plans to leapfrog on the continent.
Its deal to acquire South Africa’s discount retailer Massmart is close.