The family’s decision to relinquish control over the grocery retailer gives their new chief executive more room to turn the business around
The announcement comes after another disappointing set of results, in which the group reported a massive decline in its trading profit
The retailer announced that outgoing Pick n Pay chief executive Pieter Boone would be replaced by Sean Summers, who led the company from 1999 to 2006
The retail giant was known for his role in opposing apartheid-era labour restrictions. But as economic conditions became tough, so did Pick n Pay
The retail group Ackerman founded described him as a ‘visionary South African’ in a statement released on Thursday
Pick n Pay’s chairperson has called out government’s inaction on resolving the country’s structural economic decline
A new project aims to help integrate small-scale farmers in Limpopo into the formal food supply chain, the Pleiad Foundation said on Thursday.
Pick n Pay’s chairperson Gareth Ackerman on Tuesday expressed his opposition to the Protection of Information Bill.
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/ 17 November 2010
Australia’s competition watchdog has stopped South African grocer Pick n Pay’s sale of Franklins supermarket chain, to prevent creating a monopoly.
Raymond Ackerman, the founder and until now the chairperson of Pick n Pay, handed the keys to his kingdom to his older son Gareth on Wednesday.