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South Africa's Truworths exits Nigeria due to import curbs

JOHANNESBURG Feb 18 (Reuters)

South Africa's Truworths has pulled out of its Nigerian business due to high rentals and import restrictions, its chief executive said on Thursday.

"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," Michael Mark told Reuters in telephone interview.

Truworths ran two stores in the oil-producing west African country.

(Reporting by Tiisetso Motsoeneng; Editing by Joe Brock)

http://af.reuters.com/article/nigeriaNews/idAFL8N15X4H2

Hmmmm

remain mtn

No one cares

make them dey go abeg. Naija enterpreneurs will take the space. Oya MTN wetin una dey wait for?

Eiyaa

Times are hard!

Nobody cares, even in south africa, south africans hardly patronize them. They prefer Mr price made for the masses.

The spacebooker guy above me though....chai! Thunder fire your left ass!

Buhari see your life o

Sir Jonathan, come and see ooo. While you were gone, Truworths left Nigeria.

Ok

PMB body language

Good riddance

E remain MTN & DSTV.

I blame d daura d.u.l.lard

Who ever is reading this comment MAY GOD BLESS YOU.

Good news, it will help us #buyNigeriagrowtheNaira Local fashion designers go grow. I am proud of my ankara fabrics and my native wears
Imagine us eating our local nutritious rice to those imported polished rice which half of the nutrition has been processed away, we will be more healthy and also #growthenaira
The major thing is our regulatory body (SON) to wake up to their responsibilities.

Nigeria in shamble

They're feeling the heat. Patronize local (Nigerian) products na

Good

aahaa good...we need space too...pls go...

Next maybe Shoprite, MTN or DSTV and the unemployment keeps growing...

Mk dem go S africa don chop our money reach. We need our own stores selling made in Nigeria goods. Nof said!!!

What do they sell?

Funny enough, I never knew they existed.

shortgun:
I blame d daura d.u.l.lard

i blame otuke the ineffectul Buffoon..

dustydee:
What do they sell?

They sell weed and skunk

They pulled out long ago because their prices are quite expensive and not competitive when you have made in china everywhere,this is a recycled news before some wailers start somersaulting.

Let dem go and die

But ve never heard of the company before?

For the rest of this year, do away with anything alcohol

tolulakin:
The spacebooker guy above me though....chai! Thunder fire your left ass!

Not good for Nigeria.President Buhari 's body language keep chasing investors away.