Pick n Pay celebrates 50 years on the JSE
Pick n Pay celebrates 50 years of being listed on the JSE. CNBC reporter, Anazi Zote attended the event and filed this report.
Wed, 17 Oct 2018 10:44:42 GMT
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AI Generated Summary
- Raymond Ackerman reflects on Pick n Pay's journey of 50 years on the JSE, highlighting the company's commitment to South Africa and its vision of expanding into new African markets.
- Pick n Pay plans to open stores in Nigeria within the next year, tapping into the country's vast potential for growth. The company's focus on delivering low prices and excellent service remains a cornerstone of its business strategy.
- The legacy of Raymond Ackerman's values of caring for the country and putting customers first continues to drive Pick n Pay's success. The company's emphasis on innovation and meeting customer needs sets the stage for future growth and sustainability.
Pick n Pay, the supermarket giant founded by Raymond Ackerman, celebrated a significant milestone today as they marked 50 years of being listed on the Johannesburg Stock Exchange (JSE). The event brought together officials of Pick n Pay, Standard Bank, and long-standing shareholders to commemorate the occasion. Raymond Ackerman, the visionary behind the company, reflected on the journey of the past five decades and expressed optimism for the future. He emphasized the importance of remaining positive and resilient during challenging times, attributing their success to a commitment to building South Africa. Ackerman shared his vision of expanding further into the African continent, offering affordable products and great value to customers. The company currently operates 1,700 stores across seven countries, with plans to venture into new markets like Nigeria and East Africa. Ackerman's legacy of caring for the country and driving positive change has been a guiding principle for Pick n Pay's success. As the company looks towards the next 50 years, they remain focused on delivering low prices, excellent customer service, and innovative solutions to meet the evolving needs of their customers.
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