Staff Writer
Choppies Enterprises Limited has disclosed a series of on-market share purchases by members of its key management team, in line with Botswana Stock Exchange listing requirements.
The transactions took place on 18 December 2025 and relate to the vesting of awards under the company’s Long-Term Incentive (LTI) scheme. All shares were acquired at a price of 1.44 Botswana pula per share, equivalent to about N$1.83, based on an exchange rate of N$1.27 to one pula.
Minnesh Rajcoomar acquired 577 321 shares for a total value of BWP831 342.24, or about N$1.06 million. Vidya Sanooj purchased 500 000 shares valued at BWP 720 000, about N$914 400. Subeesh Kolazhy also acquired 500 000 shares for BWP720 000.
Satheesan Kodakkadath bought 333 333 shares for BWP479 999.52, or about N$609 599. Deon Bauermeister purchased 200 000 shares for BWP288 000, about N$365 760. Mpho Gaamangwe acquired 50 000 shares valued at BWP72 000, or about N$91 440.
Gireesan Ammayath purchased 133 333 shares for BWP191 999.52, about N$243 839. Marthinus Ferreira acquired 200 000 shares for BWP288 000, while Anjish Pandariparambil Asokan also purchased 200 000 shares for the same amount.
Choppies Enterprises Limited is incorporated in Botswana and is primarily listed on the Botswana Stock Exchange, with a secondary listing on the Johannesburg Stock Exchange.
The group reported mixed performance across its Southern African operations for the financial year ended 30 June 2025.
In Namibia, sales increased by 42.3%, with like-for-like sales up 33.06%. Earnings before interest, tax, depreciation and amortisation rose by 220%. EBIT losses narrowed from BWP14 million, about N$18 million, in the prior year to BWP9 million, about N$11.7 million. Choppies operates more than 20 stores in Namibia and is considering expansion into the south, where oil and green hydrogen developments are creating new opportunities.
In Zambia, sales rose 12.4% in pula terms, equal to 26.7% in kwacha value. Like-for-like sales increased by 2.8% in pula and 15.8% in kwacha. The segment opened nine new stores and closed one. Currency depreciation and drought-related power challenges pushed diesel costs to BWP35 million from BWP9 million the previous year. Adjusted EBITDA increased by 19%, while adjusted EBIT rose by 37.7%.
The group exited Zimbabwe in December 2024 after selling the segment’s net assets to a regional supermarket chain.
In Botswana, sales grew by 11.4% to BWP5.66 billion, with like-for-like sales up 7.1%. EBITDA increased by 8%, but profitability came under pressure as costs grew faster than gross profit. The Liquorama liquor segment recorded a 13.2% rise in sales and added 10 new stores. EBITDA in the segment fell by 65.9%, and EBIT shifted to a BWP18 million loss from a BWP14 million profit due to margin pressure and higher costs.
