We are thrilled to announce a significant achievement for one of our esteemed companies, Payless Retail Proprietary Limited, has been accepted into the prestigious Botswana Stock Exchange (BSE) Tshipidi Mentorship Program (TMP) as of June 29, 2022. This recognition marks a momentous step in our journey, reflecting our commitment to excellence and growth in the retail sector.
A New Chapter for Payless Retail
Payless Retail is a dynamic and newly established supermarket chain with a clear mission: to become Botswana’s leading one-stop shopping destination. Our journey began with the strategic acquisition of certain assets from Payless Supermarkets by Ellis Retail Group, a move that laid the foundation for our new brand. Despite being a new entity, Payless Retail carries forward the legacy of one of Botswana’s oldest supermarket brands.
A Legacy of Trust and Quality
The Payless brand has a rich history that dates back to January 1976 when it started as Corner Supermarket Proprietary Limited. Over the decades, Payless has built a reputation for trust, quality, and customer satisfaction. Today, Payless Retail proudly operates nine stores across Botswana, with an aggressive expansion plan that aims to bring our convenient and customer-centric shopping experience to even more communities.
The Tshipidi Mentorship Program: A Gateway to Growth
The BSE Tshipidi Mentorship Program is designed to support and mentor high-potential companies, preparing them for future growth and potential listing on the Botswana Stock Exchange. Being accepted into this program is a testament to our potential and the strategic vision of our leadership team.
Under the guidance of the TMP, Payless Retail will receive invaluable mentorship and resources that will enhance our operational capabilities, governance, and overall business acumen. This opportunity positions us to scale new heights, attract potential investors, and ultimately fulfill our vision of becoming Botswana’s preferred supermarket chain.
Looking Ahead
As we embark on this exciting journey with the BSE Tshipidi Mentorship Program, we remain dedicated to our core values of quality, convenience, and customer satisfaction. Our aggressive expansion plans are set to transform the retail landscape in Botswana, bringing our exceptional services closer to you.
We invite you to join us in celebrating this milestone and to stay tuned for more updates as Payless Retail continues to grow and innovate. Together, we are building a brighter future for retail in Botswana.
Thank you for your continued support.
Elliot Moshoke
Founder & CEO, Acute Global Limited
