Founded in 1967 by Raymond Ackerman, the Pick n Pay supermarket chain has grown from just four small Cape Town shops to a retail empire of over 1100 grocery stores and 20 hypermarkets across South Africa and the African continent. Pick n Pay has a 49% share in Zambian chain, TM Supermarkets, total ownership of Boardmans and Boxer and subsidiaries in other consumer services such as flights, entertainment tickets and mobile telephone plans. However, such success has not come easily and there have been many challenges along the way. Political turmoil, inflation and the changing landscape of large-scale retailing have been particularly difficult issues. Regardless, Mr Ackerman has valiantly held the helm of the company and has been staunchly dedicated to not only providing quality, affordable goods, but for running an institution that genuinely cares for its staff, customers, country and planet.
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