South Africa company exits Nigeria over ‘economic crisis’
Truworths, a South African retail company, has pulled out of Nigeria due to prevailing economic realities in the country. According to Reuters, Michael Mark, the company’s chief executive officer’s comments about the economy show a sign that President Muhammadu Buhari’s attempts to boost local industry are hurting foreign investment. “We were unable to operate the stores properly any longer because we were unable to send merchandise to the stores because there’s regulation preventing that,” Mark told Reuters. As well as being unable to fill its shelves, the clothing ret
by