CHOPPIES STOCK ON THE RISE 7 YEARS AFTER AUDIT SCANDAL

Article By: Gilbert Manenye

Exactly seven years after Choppies Enterprises was rocked by an audit crisis and a bruising boardroom fallout, the listed retailer is currently enjoying a comeback, emerging as the best performing stock on the Botswana Stock Exchange (BSE) this year.

Here’s Gabz FM Business News Reporter, Gilbert Manenye with more details………….

Choppies’ share price has increased by 109.62% since January, climbing from 52 thebe to now P1.09.

The increase places Choppies stock within reach of its P1.15 IPO price for the first time since the 2018 meltdown that saw the group suspended on both the BSE and Johannesburg Stock Exchange (JSE).

At the time, the company had failed to publish its audited results, triggering a governance battle that resulted in the temporary suspension of CEO Ramachandran Ottapathu and a more than 60% collapse in the share price.

Financially, while the retailer’s year ended 2025 operating profit slipped by 5.1% due to higher expenses and the loss booked on the sale of its Zimbabwe unit, CFO Minnesh Rajcoomar said the group is positioned for sustainable growth, with returns expected to strengthen as Choppies continues to streamline operations and expand its footprint.

Reporting for Gabz FM Business News from Selibe Phikwe, I am Gilbert Manenye.