Pick n Pay (PIK) – Zooming in on Zim

We review the company’s operation in Zimbabwe, where the country is experiencing currency shortages. We engaged our contacts in Zimbabwe to visit PIK stores in Harare and Bulawayo, and also provide an on-the-ground assessment of the situation in the country. We conducted some price inflation checks in PIK Zimbabwe stores and our checks show significant variation in price changes.
We highlight similarities as well as differences to the situation SHP Angola finds itself in.