Pick n Pay reported an 18 percent rise in full-year earnings on Wednesday.
Despite this its shares fell by as much as six percent
This year marks the 50th anniversary for the retailer that started out when Raymond Ackerman bought three tiny stores from Click founder Jack Goldin.
The Money Show’s Bruce Whitfield interviewed Pick n Pay CEO Richard Brasher.
Listen to the interview in the audio below (and/or scroll down for more quotes from it).
Things are changing faster than at any time I can remember.— Richard Brasher, Pick n Pay
I spent most of my time worrying about things I can influence. The downgrade isn’t one of them.— Richard Brasher, Pick n Pay
Good rains resulted in better crops… we can chase some of the prices down.— Richard Brasher, Pick n Pay
I’ve spent the last four years under the bonnet rather than driving the car.— Richard Brasher, Pick n Pay
Raymond still signs the guarantee on every product.— Richard Brasher, Pick n Pay
You used to spend a rand and get a point. Now you spend two rands and get a point.— Richard Brasher, Pick n Pay
We now give coupons on things you really want.— Richard Brasher, Pick n Pay
Enter your email address in the form below to receive a newsletter containing the most-read articles of the week from Bruce Whitfield’s The Money Show every Friday morning in your inbox.
The Money Show’s Bruce Whitfield interviews Sibanye-Stillwater Chief Executive Officer Neal Froneman.
The Money Show’s Bruce Whitfield interviews Benguela Global Fund Managers Chief Investment Officer Zwelakhe Mnguni.
South Africa’s loss is Standard Bank’s gain. The Money Show’s Bruce Whitfield interviews Standard Bank Group CEO Sim Tshabalala.
It’s time to start thinking about how to keep your business relevant next year, says small business guru Pavlo Phitidis.
The Money Show’s Bruce Whitfield interviews Galileo Capital Personal Financial Advisor Warren Ingram.
The use of loyalty programmes is skyrocketing, especially amongst the youth, according to the 2016 Truth Loyalty Whitepaper.
Watch the Guptas pack their bags and run in Nando's inspiring new advertisement.
In 2012 Steinhoff acquired 20% of wealth manager PSG, reportedly infuriating Mouton. Bruce Whitfield interviews him.
After a 702/ CapeTalk interview, the author of the autobiographical book Killing Karoline spoke to her dad for the first time.
‘I need you to provide me with an answer' - John from Edenvale, Gauteng
Fedhasa's CEO is encouraging South Africans to take a look at the specials that are currently out there and make their bookings.
Entrepreneur Max Lichaba built his own empire and is the CEO of Lichaba Creations and several other businesses. This is his story.