Botswana's Choppies to raise $48 mln in South African listing

Botswana grocer Choppies plans to raise $48 million in a secondary listing on the Johannesburg bourse, it said on Monday, seeking to boost its profile among investors in Africa's largest and most liquid stock market. Choppies, which runs 125 stores in its home market, South Africa and Zimbabwe, will list the shares on May 27. Under the offering to selected institutional investors in South Africa and Botswana, Choppies will sell 117.4 million new shares along with 160 million from existing s