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Nakumatt employees stole Sh1 million a day

Okiya

Village Elder
#21
I dunno what's going on with these supermarkets. And I don't buy that theft story. OK it's possible but you'd think a company this size with its electronic check out wouldn't have a hard time keeping track of inventory.

I went to Tuskys the other day. They had a table I wanted. I went in and all those things were gone and it's like they didn't restock. I went around like OK since I'm here might as well see what else I can impulse buy. They had the bare minimums. I don't think they were being stocked anymore. I asked the cashier. He said blah blah blah. You know we have been having challenges.. The place looked like it was shutting down.
Theft doesn't happen at the shop floor level. It's a game played during the procurement process. Also Kenyans are not aware that the points they earn from shopping are also stolen.
 
#24
What makes you think Carrefour wont survive? They pay much less for supplies than their competition. This is a global giant with a 5 digit number of chains around the world bana. Hii sio Tuskys ya Jotham Wachira.
Carrefour faced challenges in Belgium in 2018 leading to massive layoffs of staff, it was during the same period they were aggressively entering the Kenyan market. Businesses come and go, it's only a lucky few that survive.

Even giants like Barclays exited Kenya because returns were not worth the effort.
 
#25
Nakumatt was constantly expanding. You honestly think the owners were idiots to keep expanding without first dealing with the institutional fraud you allude to? Nakumatt was "making money" up until it wasn't useful for that purpose. Maybe you are talking about Uchumi and Tuskys.
The era in which nakumatt was expanding everything else was expanding... I hope you were alive and not still in high school or primary hiyo wakati...
There was positive vibes to the economy and everybody was milking those vibes with very optimistic business plans... Banks were also hawking cheap loans, banae, hadi kwa streets and offices... Construction was booming...

There was enough money to be made to focus on the leakages...
 

Recce

Village Elder
#26
A supermarket expansion is not an expensive venture, coz they dont buy/build buildings except for the useless Uchumi. Theirs is just a hall with shelves, and they offer suppliers the opportunity to display their products there. They pay after 60-90 days. You can actually be making losses but mask that in a big turnover.
True,Nakumatt had hired/leased almost everything pale ndani including cash tills and computers.They had no real assets that the suppliers could take for security to recover their goods.
 
#27
What makes you think Carrefour wont survive? They pay much less for supplies than their competition. This is a global giant with a 5 digit number of chains around the world bana. Hii sio Tuskys ya Jotham Wachira.
I heard their are very aloof with their systems.. but remember the same talent that worked for the local franchises na wakaziangusha are the same ones probably working there... and doing their thing and practicing their talents:D:D:D.... The cheaper the goods, the more likely the wages are also lower, leading to staff desperation, etc etc, if you catch my drift....

Si ni juzi tuu tuliskia kesi moja ikitangazwa ya wizi huko na staff?...
 
#29
The era in which nakumatt was expanding everything else was expanding... I hope you were alive and not still in high school or primary hiyo wakati...
There was positive vibes to the economy and everybody was milking those vibes with very optimistic business plans... Banks were also hawking cheap loans, banae, hadi kwa streets and offices... Construction was booming...

There was enough money to be made to focus on the leakages...
Nakumatt was a fraud all through. When they first wanted to list on the NSE everyone who saw their books new this was a humongous fraud.
 
#30
1. Uchumi
2. Tuskys
3. Ukwala/Choppies
4. Naivas - hadi wapate investor juzi akawaokolea
5. Ebrahims

ni gani sijataja hapo?... wachana na the new boys in the hood wenye bado hawajakipitia...
Uchumi was run by thugs. Tuskys was inherited by idiots. Ukwala is not Choppies, Choppies attempted to buy them. Naivas sijui, Ebrahims as far as I know is well run. What has any of this got to do with Nakumatt which was a huge lie all along?
 
#31
Thts what they want you to believe. To shift the blame from themselves to the workers.
Atul Shah na Harun Mwau single handedly killed Nakumatt, to achieve their own interests. They are happy. Sijui mbona watu wa magazeti wanashughlika na io story sana. Owners wa Nakumatt wako sawa. Atul Shah hajai shtaki mtu eti ameibiwa pesa.
Okay, let's say Harun Mwau used Nakumatt to launder drug and trafficking money. Obviously, the people who helped him do that took a small percentage to facilitate the money laundering scheme.

How is it possible that after all those years, Nakumatt couldn't make a good profit without relying on money laundering?

Does that mean that supermarkets in Kenya can barely make any clean money profits?
 
#32
Okay, let's say Harun Mwau used Nakumatt to launder drug and trafficking money. Obviously, the people who helped him do that took a small percentage to facilitate the money laundering scheme.

How is it possible that after all those years, Nakumatt couldn't make a good profit without relying on money laundering?

Does that mean that supermarkets in Kenya can barely make any clean money profits?
When you concentrate on Nakumatt it could be easy to make that conclusion. But when you additionally look at Carrefour which pays suppliers significantly less... no you can't make that conclusion. Nakumatt was a big lie.
 

sani

Village Sponsor
#33
Okay, let's say Harun Mwau used Nakumatt to launder drug and trafficking money. Obviously, the people who helped him do that took a small percentage to facilitate the money laundering scheme.

How is it possible that after all those years, Nakumatt couldn't make a good profit without relying on money laundering?

Does that mean that supermarkets in Kenya can barely make any clean money profits?
Who said Nakumatt wasn't making profit? Owners wa Nakumatt hawajai complain siku ata moja. Hawajai shtaki mtu kortini juu ya wizi. izi story mingi ni story za watu wa magazeti. Owners wa Nakumatt ndo waliloot Nakumatt wakitumia companies zao za Mauritius. Atul Shah na Watoto wake ndo wako na io pesa mnasema Nakumatt inadaiwa, billions. Haikupotea. Lakini suppliers hawapati ata sumni.

Supermarkets make profits, but Atul realised he could make much more akitomba suppliers na landlords.
 
#34
Okay, let's say Harun Mwau used Nakumatt to launder drug and trafficking money. Obviously, the people who helped him do that took a small percentage to facilitate the money laundering scheme.

How is it possible that after all those years, Nakumatt couldn't make a good profit without relying on money laundering?

Does that mean that supermarkets in Kenya can barely make any clean money profits?
And why are you trying to entrap people with exact names and exact circumstances? People out here busy discussing Harun Kamau and you want to bring innocent Harun Mwau into it.
 

Ndindu

Village Elder
#35
Nakumatt employees used to cut deals kwa parking lot. Stock warehouse employees would come to the parking with TVs in their cars and some employees inside the Nakumatt shop would tell the customers that they can get the exact SONY TV for 30K instead of this one on the shelf going for 50K, Exact everything.

Cash theft was also facilitated by the crooked employees who would unplug the barcode scanners and disconnect the power to the cash register while the cash trays had not snapped shut. Then one would pick about 10K while the guy at the CCTV control room unplugs the camera focused on tht teller for about 3 minutes, the teller would drop the 10K in the dustbin under the desk for later retrieval as trash.

In the warehouse ndio wizi ulikuwa mwingi, hiyo ya cashiers Ksh 10K was petty cash. Deals za warehouse sometimes zilikua za Canter mzima ya Toilet paper ama Bar soaps. Suppliers wengi wamepata depression with one demanding Ksh 150M in unpaid invoices.
 
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Mr Black

Village Elder
#36
True,Nakumatt had hired/leased almost everything pale ndani including cash tills and computers.They had no real assets that the suppliers could take for security to recover their goods.
And that is the perfect set-up for a laundryshop, you can upscale and downscale at minimal costs and pretty fast, it all depends on how much needs cleaning.
 

Sambamba

Village Elder
#37

Sambamba

Village Elder
#38
Nakumatt employees used to cut deals kwa parking lot. Stock warehouse employees would come to the parking with TVs in their cars and some employees inside the Nakumatt shop would tell the customers that they can get the exact SONY TV for 30K instead of this one on the shelf going for 50K, Exact everything.

Cash theft was also facilitated by the crooked employees who would unplug the barcode scanners and disconnect the power to the cash register while the cash trays had not snapped shut. Then one would pick about 10K while the guy at the CCTV control room unplugs the camera focused on tht teller for about 3 minutes, the teller would drop the 10K in the dustbin under the desk for later retrieval as trash.

In the warehouse ndio wizi ulikuwa mwingi, hiyo ya cashiers Ksh 10K was petty cash. Deals za warehouse sometimes zilikua za Canter mzima ya Toilet paper ama Bar soaps. Suppliers wengi wamepata depression with one demanding Ksh 150M in unpaid invoices.
If you gave bonobos Walmart tomorrow, they'd run it down in less than 3 years.
 
#39
Nakumatt was constantly expanding. You honestly think the owners were idiots to keep expanding without first dealing with the institutional fraud you allude to? Nakumatt was "making money" up until it wasn't useful for that purpose. Maybe you are talking about Uchumi and Tuskys.
Yea dealing with fraud meant improving working conditions and you know most rich Kenyans espeicially Wahindi would rather close their companies than pay people well.
 
#40
Closure of charterhouse bank (washing machine)was the downfall of nakumatt.
We used to buy akohol chini ya maji hapo Ronald ngala branch... blessed be the employees wherever the are.
 

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