South Africa Mourns Pick n Pay Retail King Raymond Ackerman

Raymond Ackerman, the man who turned retail on its head in the 1960s when he purchased four stores and launched Pick n Pay supermarkets, has died at the age of 92 years.

Ackerman has been described by Pick n Pay as "a visionary entrepreneur, humanitarian and a great South African. Our country has lost a brilliant patriot who always saw a positive future for South Africa".

Ackerman was the champion of the consumer, often taking on the apartheid government for its racist policies - and even fighting for lower bread and fuel prices. When he retired in 2010, he handed the reins to his son Gareth, who now chairs the company.

Pick n Pay generates U.S.$5 billion (R106 billion) in annual turnover and owns more than 2,000 stores across South Africa and seven other countries in Africa.

Pick N Pay announces the death of Raymond Ackerman, September 7, 2023.

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