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Our prisons are falling apart, says inspector

RMB arranges R4 5bn sustainability-linked debt facility for Pick n Pay

RMB arranges R4 5bn sustainability-linked debt facility for Pick n Pay
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PnP warns on profits, saying it expects decline of more than 20% for H1 2024

Gareth Ackerman sounds warning on profits, saying Pick n Pay expects a decline of more than 20% for H1 2024. It’s been difficult to stay positive about the future of South Africa for a long time, said PnP Chairman.

Pick n Pay lost R1 5bn of its value in one day - is its strategy failing?

Pick n Pay lost about R1.5 billion of its value on Wednesday after it warned of a loss even as its underlying business remained profitable, citing significant load shedding and other one-off costs.

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