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Pupkewitz eyes regional expansion, opens retail outlet in South Africa’s Upington

by editor
March 11, 2024
in Companies
51
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The Pupkewitz Group is seeking growth opportunities outside Namibia and recently launching its first retail outlet beyond the country’s borders–a Megatech branch in Upington, South Africa.

“Certain businesses within the Pupkewitz Group portfolio are exploring regional expansion opportunities on a case-by-case basis. The Group’s strategy allows for a blend of organic and acquisitive growth to optimise our expansion plans. This aligns with the Pupkewitz Group’s vision to operate successfully and sustainably within and beyond Namibia, advancing positive lifestyle changes in the communities we serve,” said Andrea Barry, the Chair of the Megatech Board and a Pupkewitz Holdings Board Director.

Barry emphasised the Group’s intent to leverage Namibia’s geographical advantage to offer competitive products to neighbouring markets.

“The Pupkewitz Group supports the government’s vision for Namibia to become a regional hub for goods movement. Our strategic activities contribute to this ambition. Infrastructure investments, including those in the Walvis Bay port, have facilitated more efficient receipt of goods directly into Namibia for distribution across Pupkewitz’s network of outlets. Leveraging this, alongside Namibia’s favourable geographic position, allows our businesses to competitively serve neighbouring markets. Expanding our reach into these markets will gradually shift the balance of regional trade positively towards Namibia,” said Barry.

Morne Nell, the Managing Director of Pupkewitz Megatech, said it is the only business in the Pupkewitz portfolio currently venturing outside Namibia, with its Upington outlet in South Africa.

“Megatech will focus on all electrical and solar business segments, including retail (walk-ins), electrical contractors, solar installers, industrial, and agricultural clients,” he said.

When asked about the rationale behind the Upington opening, which created 20 jobs amid increased competition in South Africa, Nell explained: “Businesses within the Pupkewitz portfolio are pursuing growth opportunities, supported by shareholders and the Board to expand both within Namibia and beyond. We believe our agile Namibian value proposition will lead to success in the Northern Cape, where there is less focus from our larger competitors in South Africa.”

“While the competitive landscape in South Africa is crowded, we believe there are underserved markets where our business model will gain traction, and our brand will be recognised.”

Pupkewitz Megatech employs 225 staff across 12 branches in Namibia and South Africa and is part of the Pupkewitz Group, which has been in operation for more than 100 years.

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Tags: africa newsAndrea BarrycompaniesCompaniesLatesteconomyMorne Nellnamibianamibia newsPupkewitz GroupPupkewitz Megatechsouth africaUpington
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