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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 1 866 stores (1 092 corporate and 774 franchise). In addition, it has 59 supermarkets in Zimbabwe through its investment in TM Supermarkets. Pick n Pay b... [more info]

Retail stores emptier than expected after bans lifted

19 Aug 2020 /  Melitta Ngalonkulu   21
Could consumers be cash-strapped due to job losses?

Simon’s weekly wrap: SA’s indirect link to the US-China trade war

7 Aug 2020 /  Simon Brown   1
Also this week: praise for Investec’s fossil fuel disclosure, virtual AGM benefits, improving exports and challenging retailer trading updates.

AB InBev, Heineken halt South Africa projects over booze ban

5 Aug 2020 /  Monique Vanek and Janice Kew, Bloomberg    11
Prohibition is having far-reaching – and costly – consequences.

Pick n Pay’s trading update, logistics property and Trump’s TikTok vendetta

5 Aug 2020 /  Simon Brown  
Chantal Marx of FNB Wealth and Investment on the Cashbuild deal and Pick n Pay's trading update. Steven Brown, CEO of Fortress, talks the resilience of the logistics property space. Dean McCoubrey, founder of MySociaLife, on US threats to close or force the sale of TikTok, real risk or trade war talk?

Stocks rally as strong rand, risk appetite lifts banks

4 Aug 2020 /  Adelaide Changole, Bloomberg   1
Foreigners remained net sellers for a third day Monday, disposing R2.95bn worth of shares.

Rand steadies as investors seek fresh recovery signals

4 Aug 2020 /  Mfuneko Toyana, Reuters   1
In early trade the rand was 0.35% firmer at R17.12 per dollar, having tumbled to a one-month low of R17.34 on Monday.

Pick n Pay warns of 50% decline in half-year earnings

4 Aug 2020 /  Nqobile Dludla, Reuters  
Weighed down by not being able to sell alcohol, tobacco and clothes during the lockdown as well as voluntary severance payments.

Pick ‘n Pay Clothing launches online shopping

3 Aug 2020 /  Melitta Ngalonkulu  
Customers can earn points on clothing bought.

Why TFG’s Jet deal is the bargain of the century

16 Jul 2020 /  Hilton Tarrant   8
What’s telling is what it is not buying from Edcon.

SA e-commerce is a Covid-fired market of risk and reward

15 Jul 2020 /  Reuters   3
Online shopping surges as consumers stay home.

FNB really wants you to draw cash at tills

2 Jun 2020 /  Hilton Tarrant   15
And keeps all monthly account fees unchanged.

Alcohol purchasing surges amid pandemic

2 Jun 2020 /  Melitta Ngalonkulu   16
Consumers worry government might make a U-turn on its decision to lift the sales ban.

SA shoppers stock up on booze as sales resume

1 Jun 2020 /  Nqobile Dludla, Reuters   2
Resumption of sales a relief for industry.

Shoprite joins Pick n Pay in dropping exclusivity clauses in mall leases

13 May 2020 /  Nqobile Dludla, Reuters   5
The agreement with the Competition Commission follows findings from a Grocery Retail Market Inquiry released in November,

SA lists clothing allowed for sale as lockdown eases

13 May 2020 /  Nqobile Dludla, Reuters   8
The announcement followed consultations between Patel's ministry and clothing, textile and footwear industry leaders.

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