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Pick n Pay currently holds about a 16% share of the food and grocery market, of which the majority is in the more affluent and middle-income market, said Chief Executive Richard Brasher. However, less affluent shoppers make up most of South Africa’s overall market.
“The group’s new space growth strategy focuses on increasing its store footprint in the lower to middle-income communities of South Africa,” the grocer said.
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ரிச்சர்ட்-பிரேசர்
தலைமை-நிர்வாகி-ரிச்சர்ட்
TRADING UPDATES: Petra prices recover; Zoo Digital earnings to jump
Tue, 20th Apr 2021 18:36
(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Tuesday and not separately reported by Alliance News:
Petra Diamonds Ltd - diamond miner - Reports third quarter revenue of USD106.0 million, up 16% on a year ago as prices recovered to pre-virus levels. Third quarter production 704,498 carats, down from 932,456 carats year-on-year, with group s quarterly revenue increase driven by improved pricing. On a like-for-like basis, realised diamond prices increased around 12% from those achieved in the first half of the financial year. We are seeing encouraging signs of a recovery in the diamond market, supporting better pricing, reflected in the third quarter revenue numbers. Post completion of the capital restructuring, Petra is in a far stronger position, with a solid platform for future growth and development, says Chief Executive Richard Duffy.
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