Shoprite opens 3 more branches amidst accumulated losses; can they succeed where Nakumatt failed?

Getting your Trinity Audio player ready...

We all remember that high school economics question regarding reasons why a firm may continue operating on losses especially in the short run. The answer that we all crammed without necessarily understanding the intricacies of it was that a firm may incur losses in the short run, on the conviction that they are on their way to attaining economies of scale where they can operate efficiently, out