Low-growth SA economy weighs down Pick n Pay shares despite rise in profit
Pick n Pay Stores fell the most in five months after South Africa’s second-biggest supermarket chain missed expectations for full-year earnings.
Pick n Pay Stores fell the most in five months after South Africa’s second-biggest supermarket chain missed expectations for full-year earnings.
Steinhoff and Shoprite are in talks to combine their African retail businesses in a deal that left some investors complaining about its complexity and a shortage of details.
Pick n Pay is to replace its current pyramid ownership structure with a simpler, more modern single share listing. Shareholders will vote on 25 July.