South Africa’s Ackerman family faces $22-million loss in just two weeks
The Ackerman family holds a substantial 25.53-percent stake in Pick ‘n Pay, or 124,677,238 issued shares.
Ackerman
Ackerman family to pocket more than $2.9 million in dividends from South Africa’s Pick n Pay
Pick n Pay is South Africa’s second-largest retailer, with more than 2,000 stores in eight African countries.
Led by affluent Ackerman family, Pick n Pay posts $20 million in half-year profit as headline earnings surge
However, the retailer’s financial performance was materially impacted by civil unrest in South Africa.