Choppies is the largest grocery chain in Botswana, built from a single store in 1986 into a network that now reaches three southern African countries. It is a business that sells an enormous amount of goods while keeping only a sliver of profit from each sale. Full nameChoppies Enterprises Ltd Tickers / exchangeCHP / JSE (Johannesburg Stock Exchange) HeadquartersGaborone, Botswana SectorConsumer Defensive — Grocery Stores Employees11,849 Market valueZAC 1.40 billion (US$1.40 billion) Yearly salesZAC 9.82 billion (US$9.82 billion) Net profitZAC 75 million (US$75 million) Net margin0.76% (our calculation) Return on …
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