Skip to content
Pick n Pay exits Hyde Park as Shoprite takes over the space for a flagship Checkers FreshX store, reflecting a shift in South Africa’s competitive retail landscape.
The Ackerman family, known for their wealth and diverse investments, holds a significant 25.53-percent stake in Pick ‘n Pay, or 124,677,238 shares.
The Ackerman family, renowned for their wealth and investments, holds a 25.53-percent stake in Pick ‘n Pay.
Billionaires.Africa remembers Ackerman by recalling some of his most enduring quotes about leadership, entrepreneurship and humanity.
Ackerman’s influence extended far beyond his retail empire. He passed away at the age of 92, leaving behind a lasting imprint.
Ackerman’s passing marks the end of an era in South African retail, but his enduring legacy will continue to inspire future generations.
Ackerman and his family own a 25.53-percent stake in Pick ‘n Pay.
Pick ‘n Pay operates more than 2,000 stores across eight African countries.
The $15.04-million dividend was drawn from the group’s retained earnings of $306.5 million.
Members of the Ackerman family own a significant 25.53-percent stake in the leading retailer, or 124,677,238 ordinary shares.
The single-digit sales growth was driven by an increase in liquor and clothing sales during the period under review.
One of the strengths of family businesses is their ability to create roots similar to trees that embed them in the space they are in.
Pick n Pay is South Africa’s second-largest retailer.
A sell-down in Pick ‘n Pay shares triggered a $200.14-million loss for the company on the Johannesburg Stock Exchange.