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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 1 994 stores (1 172 corporate and 761 franchise). In addition, it has 61 supermarkets in Zimbabwe through its investment in TM Supermarkets. Pick n Pay b... [more info]

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.

Pick n Pay: 136 stores were looted, damaged

21 Jul 2021 /  Suren Naidoo   17
Two of the group’s distribution centres in Pinetown Durban were also ransacked and vandalised.

Market Watcher: BHP, Amplats shares rally on release of production updates

20 Jul 2021 /  Fifi Peters  
Chantal Marx – Head: Research, FNB Wealth and Investment

The scale of the destruction

UPDATE
19 Jul 2021 /  Moneyweb   79
Early estimates from some of the major players are in – and the numbers are huge.

SA’s big retail chains race to restock looted stores

16 Jul 2021 /  Nqobile Dludla, Reuters  
SPAR trucks were dispatched on Friday.

Grocery delivery services buckle in Gauteng as demand spikes

15 Jul 2021 /  Moneyweb   13
Sixty60 and Bottles are at capacity, and it's not just the flood of orders that's the problem.

Food shortages set to grip SA after rioters rampage

UPDATE
14 Jul 2021 /  Prinesha Naidoo, Janice Kew and Loni Prinsloo, Bloomberg   8
Agricultural union estimates losses for KZN farming community to be in the hundreds of millions of rands.

Durban chamber sends another SOS to Ramaphosa

14 Jul 2021 /  Suren Naidoo and Palesa Mofokeng   42
Appeals for a state of emergency in KZN, while the SA Property Owners Association calls for greater action to stem looting and destruction.

The legal dangers of a side hustle

13 Jul 2021 /  Fifi Peters   1
Entrepreneurs and startups can avoid possible missteps or penalties if they fully understand the legal prescripts that apply to their business: Dominique Arteiro – Werksmans Attorneys.

‘We will defeat those who seek to destabilise our country’ – Ramaphosa

13 Jul 2021 /  Suren Naidoo   79
President calls in the army following looting and violent demonstrations by pro-Zuma supporters in KwaZulu-Natal and some areas of Gauteng.

SANDF to be deployed to violence stricken KwaZulu-Natal

UPDATE
12 Jul 2021 /  Suren Naidoo   51
Following an appeal from the Durban Chamber of Commerce and Industry in the wake of looting of retail stores and violent demonstrations.

One million share sign-on bonus for new PnP CEO

12 Jul 2021 /  Moneyweb    15
And former boss Richard Brasher gifted 1.2m shares upon retirement.

SA alcohol industry wants R1.5bn excise tax holiday

6 Jul 2021 /  Moneyweb   5
Due to latest liquor ban under lockdown Level 4.

Are shareholders finally becoming more picky about pay?

5 Jul 2021 /  Ann Crotty   6
A look at PnP, AECI, TFG, Sasol, Remgro, Distell, RCL Foods, ‘independence’ and audit firms.

Switzerland and Ireland shine for Spar, but Southern African growth slows

25 May 2021 /  Suren Naidoo  
JSE-listed supermarket giant declares interim dividend out of income reserves despite ongoing Covid-19 uncertainty

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