Search results for 'pick n pay'
Zimbabwe
Takealot’s Mr D drives Pick n Pay sales

South Africa’s 2nd largest retailer Pick n Pay said its online sales volumes significantly soared after hopping onto the Mr D’s delivery app. The company achieved total online sales growth for the yea

May 11, 2023
South Africa
Pick n Pay's H1 FY24 Trading Update Shows Good Progress Despite Load Shedding Costs

According to the report, Group sales for the first four and a half months of FY24 increased by 4.8%, with South Africa sales growth for this period at 4.4% (0.9% like-for-like).

Jul 20, 2023
Zimbabwe
Pick n Pay Announces Major Recapitalization and Potential Boxer Spin-Off

Pick n Pay, the prominent South African grocery and retail group which has a partnership with TM Supermarkets in Zimbabwe, a Meikles subsidiary, has unveiled a significant strategic plan that could re

May 29, 2024
Zimbabwe
Pick n Pay's Transformative R4bn Capital Raise

Pick n Pay, a leading South African retailer, has successfully raised a substantial R4 billion (US$218 million) through a rights offer that was oversubscribed, reflecting strong investor confidence in

Aug 08, 2024
South Africa
Pick n Pay’s Strategic Pivot: Online Growth Pacifies Physical Store Closures

The global retail landscape is undergoing a seismic shift, driven by the rapid rise of online sales and the gradual decline of traditional brick-and-mortar stores. This trend is reshaping the supermar

Feb 05, 2025

Top Stories

Botswana Bets More on Coal to Ease Energy Crisis

Botswana, a landlocked nation in Southern Africa, is poised to deepen its reliance on coal to address persistent generation challenges. With proven coal reserves estimated at 212 billion tons though o

11 hours ago

Cassava Technology Partners with Nvidia to Build in Africa

Cassava Technologies, a prominent digital infrastructure company headquartered in the UK and founded by Strive Masiyiwa, has partnered with Nvidia  to implement advanced artificial intelligence (AI) s

12 hours ago

ZiG Records the Biggest 'Crush' Year-to-Date

The Zimbabwe Gold (ZiG) has depreciated against the United States Dollar (USD), recording an exchange rate of 26.7279 on 25 March 2025, extending a loss-making streak observed since the commencement o

14 hours ago

No Winners in Trade Wars: Global Economic Growth Downgraded

The global economy stands at a crossroads, with trade tensions casting a long shadow over its prospects. The Organisation for Economic Co-operation and Development (OECD) released its latest economic

16 hours ago

Gold Weekly Wrap: Trio of Titans, How 9 Tonnes Set Stage for Zimbabwe’s Gold Glory

Zimbabwe is gearing up for an ambitious goal of producing 40 tonnes of gold in 2025, a target made tantalisingly achievable by gold prices soaring past $3,000 per ounce amid global geopolitical tensio

1 day ago

Innscor’s Revenue Surpasses Half a Billion in HY25

Innscor, a leading Zimbabwean conglomerate, has reported a 12% increase in revenue to US$535.8 million for the six months ended 31 December 2024 according to the latest financial report from the group

1 day ago

Distribution Group Africa Set to Restructure and Realign Performance with Revenues

Distribution Group Africa (DGA), a vital arm of Axia Corporation Limited operating across Zimbabwe, Malawi, and Zambia, is embarking on a strategic restructuring to reverse declining revenues and alig

1 day ago

ZiG Weekly Review: Gradual Erosion Continues, What’s the Key to Sustainable Stability?

The Zimbabwe Gold (ZiG) has faced persistent bearish pressure against the US dollar (USD), settling at an exchange rate of 26.7069 as of March 21, 2025, marginally weaker than its 26.7116 close on Jan

Mar 21, 2025