The family’s decision to relinquish control over the grocery retailer gives their new chief executive more room to turn the business around

The announcement comes after another disappointing set of results, in which the group reported a massive decline in its trading profit This content is restricted to registered…

The old trade winds are blowing again and we must take notice, writes editor-in-chief Ron Derby

The retailer released a grim set of results on Wednesday, which saw its shares plummet more than 14%

The prodigal son’s return may usher in a new era for the retailer, which has languished under the Ackerman family’s control

The retailer announced that outgoing Pick n Pay chief executive Pieter Boone would be replaced by Sean Summers, who led the company from 1999 to 2006

The retail giant was known for his role in opposing apartheid-era labour restrictions. But as economic conditions became tough, so did Pick n Pay

The retail group Ackerman founded described him as a ‘visionary South African’ in a statement released on Thursday

Pick n Pay’s chairperson has called out government’s inaction on resolving the country’s structural economic decline

‘Most days, however, looking at it from my side of the fence, the idea of a parent company is somewhat jaded’

A total of 54 people will receive national orders from President Jacob Zuma in a ceremony themed "South Africa: A better place to live in".

New Pick n Pay chief executive Richard Brasher wants the retailer to regain its position as South Africa’s market leader.

Cosatu is to picket outside the houses of Pick n Pay chairperson Raymond Ackerman and Western Cape premier Helen Zille over the Walmart-Massmart deal.

Raymond Ackerman, the founder and until now the chairperson of Pick n Pay, handed the keys to his kingdom to his older son Gareth on Wednesday.