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LATEST NEWS FOR Pick n Pay Stores Ltd.  

The Pick n Pay Group is one of Africa's largest and most consistently successful retailers, with 2 039 stores (1 209 corporate and 768 franchise). In addition, it has 62 supermarkets in Zimbabwe through its investment in TM Supermarkets. Pick n Pay b... [more info]

Tough Pick n Pay results

21 Oct 2021 /  Simon Brown   
Gary Booysen of Rand Swiss unpacks Pick n Pay results. Balwin CEO Steve Brookes talks results as activity returns to pre-pandemic levels and Combined Motor Holdings CEO Jebb McIntosh on excellent interim results.

Market Watcher: JSE stages a comeback

20 Oct 2021 /  Fifi Peters  
David Shapiro – Chief Global Equity Strategist, Sasfin Securities

Trading disruptions see PnP suffer R1.7bn revenue loss

20 Oct 2021 /  Fifi Peters   3
New CEO Peter Boone has arrived, during a difficult riotous first-half trading period for the group, aiming at ‘not a revolution, but an evolution’: Lerena Olivier – CFO, Pick n Pay.

PnP se versekeraars hoes ná die onlangse plundering en geweld

20 Oct 2021 /  Ryk van Niekerk  
Lerena Olivier – finansiële hoof, Pick n Pay

Pick n Pay loses almost R1bn in sales due to July unrest

20 Oct 2021 /  Akhona Matshoba   3
However, the group continues to maintain a strong balance sheet boosted by improved performance by its Boxer and clothing stores.

Inside Massmart’s e-commerce growth drive

11 Oct 2021 /  Duncan McLeod   1
Launching mobile shopping 'mini apps' in partner Vodacom Group’s new VodaPay 'super app'.

Checkers vs Woolies over the last decade

30 Sep 2021 /  Moneyweb   27
The two businesses are vastly different (and bigger) than they were in 2011 …

Karooooo buys Picup in big e-commerce play

14 Sep 2021 /  Duncan McLeod   1
Deal is worth R70m.

Massmart continues to report a headline loss, but Slape’s turnaround takes shape

UPDATE
27 Aug 2021 /  Suren Naidoo  
July unrest in KwaZulu-Natal saw group being hit by R1.3 billion in stock losses due to looting, which is likely to impact the second-half of its 2021 financial year.

Massmart in ‘advanced negotiations’ to buy OneCart

25 Aug 2021 /  Suren Naidoo   2
Planned acquisition is part of the group's overall e-commerce growth drive.

Shoprite’s share price tops 52-week high, as SA operations shine

24 Aug 2021 /  Suren Naidoo   1
Group flags strong local sales growth and is set to expand further with the planned acquisition of Massmart’s lower end food units.

Woolworths SA CEO Zyda Rylands to take early retirement from top post

23 Aug 2021 /  Suren Naidoo   2
But board asks her to stay on until 2024 back as head of the burgeoning Woolworths Food division.

Standard Bank to cut space by as much a quarter, targets 15m SA clients

23 Aug 2021 /  Moneyweb   19
Already saving R400m per year from branch and head office space reductions.

Mboweni and Mogajane announce R36.2bn in new economic support following unrest

28 Jul 2021 /  Suren Naidoo   23
For affected businesses, social relief for poor South Africans as well as more funds for the police and national defence forces.

Looting and burning impact small for major retailers

21 Jul 2021 /  Simon Brown  
‘Most of these companies have...business-continuity plans and can finally use them’ – Chantal Marx, head of research at FNB Wealth and Investment.

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