Pick n Pay creates 14,000 new jobs, plans to create 15,000 more in the next three years
By Robert Laing - Jul 30th 2018, 13:18
Despite its recent voluntary severance programme, Pick n Pay created almost 14,000 net new jobs over the past three years and intends creating 15,000 more in the next three years, chairman Gareth Ackerman said at the grocery chain’s annual general meeting on Monday morning.
Pick n Pay has invested R5.3bn in opening and refurbishing stores and building its supply chain in the past three years.
"By doing so Pick n Pay has been able to create almost 14,000 net new jobs," Ackerman said in his address at the AGM.
After Pick n Pay announced its voluntary severance programme in 2017, competitor Shoprite started marketing itself as SA’s largest private-sector employer, making a point of highlighting how many new jobs it had created in its financial statements.
Shoprite said it added 6,027 new positions during its 2017 financial year, and a further 4,254 during the six months to end-December, bringing its total to more than 148,000.
Pick n Pay’s recent results, in contrast, have not made it clear how its voluntary severance programme has changed its headcount.
Ackerman said at Monday’s AGM that Pick n Pay worked with about 10,000 suppliers, and last year spent nearly R68bn with them, helping provide employment to more than 400,000 people.
"In total, we believe at least 1-million people are directly affected by Pick n Pay by way of employment."
Ackerman said 21,000 people were employed by Pick n Pay franchise owners.
Nearly a third of Pick n Pay franchisees are black, which under the current rules do not contribute to the grocery chain’s BEE score.
Ackerman said Pick n Pay was working with the Consumer Goods Council of SA and the Department of Trade and Industry "to talk about better recognition for these small businesses and franchisees on the BEE scorecard."
Truworths profit at nine-year low as profit plunges over 70%
16/08/2019 - 11:52
Shares in Truworths slumped to a nine-year low on Friday morning after the fashion retailer reported a 74% slide in profits amid difficult trading environments in SA and the UK.
UnionPay cards - the largest card scheme in the world - now accepted at all Pick n Pay stores across SA
16/08/2019 - 11:11
UnionPay International (UPI) has announced significant progress in the South African retail payments market through their co-operation with Pick n Pay and Absa Bank. Through a tripartite co-operation agreement, Pick n Pay, a major food, clothing, and general merchandise retailer, is now enabled to accept UnionPay cards at all of its till points across its approximately 1,800 stores countrywide.
With banana leaf lamps, H&M backs firms promising social change
15/08/2019 - 10:31
With lampshades made by Indian women and trays from East Africa, H&M said that it had become the latest retail giant to back businesses with a mission to do good, as pressure mounts to end throwaway consumerism.
Kit Kat goes solar at Benoni Cash & Carry site
15/08/2019 - 09:11
In a bid to reduce its carbon footprint, mitigate load shedding and become less reliant on the national grid, the Kit Kat group has completed a solar power installation at its Benoni Cash & Carry store.
Choppies to exit SA market, chair to step down
15/08/2019 - 09:03
Botswana-based grocery retailer, Choppies, has announced that it will be exiting the South African market, four years after expanding into the country.