| 23.09.2013 Opalesque Exclusive: Tower Capital’s long/short equity hedge funds profit from South African retailers’ northward expansion |
| Benedicte Gravrand, Opalesque Geneva:
South Africa’s big retail chains such as Shoprite, Pick n Pay, Woolworths are expanding in sub-Saharan Africa to counteract a sluggish home market, reports this week’s Economist. Zambia is one of the countries they expanded in, which is a good bet, says the paper as its economy is one of the fastest growing at the moment thanks to high demand for coppe |