Pick n Pay appoints Lerena Olivier as new chief finance officer

SOUTH AFRICA – Pick n Pay Stores, South Africa’s third largest grocery retailer, has appointed senior executive Lerena Olivier as the new chief finance officer (CFO), effective September 6, 2019. Oliver will replace Pick n […]

Pick n Pay to engage competition regulator over report on market dominance

SOUTH AFRICA – South African retail chain, Pick n Pay, has said that it will continue to engage South African competition regulators to address its concerns about the retailer’s market dominance in shopping malls. This […]

Pick n Pay launches plastic and packaging-free horticulture retail section

SOUTH AFRICA – Pick n Pay, South Africa second largest retailer, has launched a ‘nude’ fruit and vegetable produce wall – a dedicated plastic and packaging-free zone – in 13 stores across the country. According […]

Pick n Pay’s CFO Aboubakar Jakoet to retire, reports 20% growth in profits

SOUTH AFRICA – Pick n Pay, a South African retailer, has announced that the group’s chief finance officer, Aboubakar Jakoet is set to retire after serving in the position for about 8 years. Jakoet who […]

South Africa’s Pick n Pay annual turnover grows 9.6%, approves expansion plans in Zimbabwe

SOUTH AFRICA – Pick n Pay, second largest retailer in South Africa has reported 9.6% growth in its annual turnover for the financial year to the end of March 2019 despite declining consumer spending which […]

Retail giant Pick n Pay opens 55th store in Zimbabwe in expansion drive

ZIMBABWE – International retail giant Pick n Pay has opened a new branch in Zimbabwe as it continues to pursue ambitions of growing its footprint in the country by launching more stores. Located in Victoria […]

Pick n Pay’s half year profits grow 19.1% on gains to price cuts

SOUTH AFRICA – The retailer supermarket Pick n Pay has said that half-year profits before tax grew by 19.1% to US$47.17 million boosted by massive price cuts that attracted more shoppers into its stores, reports […]

Pick n Pay achieves profitability as it looks to open more stores in Zimbabwe

ZIMBABWE – Meikles Limited, Zimbabwe’s hotel, retail and supermarket chain has announced that revenue in supermarkets division, jointly owned with Pick n Pay has increased from US$414 million to US$487.8 million in the year ended […]

Pick n Pay to eliminate single-use plastics with compostable carrier bags

SOUTH AFRICA – Pick n Pay, the second largest supermarket chain store in South Africa is piloting use of compostable bag at its V&A Waterfront store with plans to ditch single-use plastic carrier bags. The […]