The founders, Ramachandran Ottapathu and Farouk Ismail, are poised to benefit from the dividend payout.
Choppies Enterprises
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This surge has solidified Farouk Ismail’s standing as one of Botswana’s most affluent businessmen.
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The market value of Ismail’s shares in Choppies has taken a sharp hit, plummeting by BWP41.13 million ($2.99 million) since Aug. 16.
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Choppies has grown from a single store operating under the name “Wayside Supermarket” in Botswana in 1986 into a leading retailer with …
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Ismail, a renowned Botswana businessman, has reshaped the nation’s economy and the broader African business arena.
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Through his leadership roles at The Far Property Co. and Choppies Enterprises, Ottapathu has masterminded a remarkable transformation.
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Ottapathu owns a controlling 24.48-percent stake in Choppies, totaling 316,353,058 ordinary shares.
- Southern Africa
One of Botswana’s richest businessmen, Ramachandran Ottapathu, loses $3.8 million in 2023
The decline in the market value of Ottapathu’s stake in Choppies reminds us of the risks associated with equity investments.
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Choppies Enterprises is a Gaborone-based supermarket chain.
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Choppies Enterprises is Botswana’s largest retail chain.