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South Africa’s Pick n Pay reports 4.3% rise in turnover | SA News

FILE PHOTO: Customers push trolleys as they shop at a Pick n Pay store at the Trade Route Mall, in Lenasia outside Johannesburg, South Africa, February 8, 2023. REUTERS/Siphiwe Sibeko/File Photo

JOHANNESBURG, Aug 5 (Reuters) – South African grocery group Pick n Pay on Tuesday reported a 4.3% increase in group turnover, lifted by increased sales at its supermarkets and strong growth at discount chain Boxer, despite challenging consumer conditions.

Like-for-like sales, which exclude the impact of store openings, closures, conversions, or acquisitions, rose 3.8% during the period, the group said in a trading statement for the 17 weeks ended June 29.

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  1. Did you know that another country lies within the borders of South Africa? The Kingdom of Lesotho is a sovereign state that is located in the Drakensberg Mountain area. The mountainous country has been nicknamed “the Kingdom in the Sky” thanks to the magnificent scenery and landscapes!