Mortuary saga spooks PnP shares
The retailer denies allegations that it was sharing a storage facility near Pretoria with a mortuary
Pick n Pay’s share price fell 1.73% to R66.60 on Monday following allegations that it was sharing a storage facility in Rayton, east of Pretoria, with a mortuary. The retailer moved to deny the allegations after an exposé by Business Day’s sister publication, Sowetan, on Monday. The storeroom, which was allegedly used as a food storage facility for the local Pick n Pay, was cleared on Sunday after the newspaper sent questions about its existence last week. Pick n Pay spokeswoman Tamra Veley said the storeroom "is used by a nearby service station, which is situated next to the building. The Pick n Pay store is 400m away from this facility". The food retailer is the second largest supermarket chain store in SA, with stores across southern Africa. When Sowetan visited the area on Monday, the storeroom had no stock of cooking oil, soft drinks, maize meal flour and energy drinks that were packed in the room on Friday. Workers were busy filling open spaces between the wall and the roof wi...
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