We've got news for you.

Register on BusinessLIVE at no cost to receive newsletters, read exclusive articles & more.
Register now

Pick n Pay has reported double-digit growth for the first 18 weeks of its financial year, when it was able to keep store price rises below consumer inflation. However, it expects that to worsen.

“Consumers are currently bearing the brunt of rising inflation, not just in SA but across much of the world,” chair Gareth Ackerman said at the retailer’s annual general meeting (AGM) on Tuesday. “Consumers are really struggling, inflation is on the rise, and interest rates have also increased, adding to their burden.”..

BL Premium

This article is reserved for our subscribers.

A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and Sunday Times Daily.

Already subscribed? Simply sign in below.

Questions or problems? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now

Would you like to comment on this article?
Register (it's quick and free) or sign in now.

Speech Bubbles

Please read our Comment Policy before commenting.

Commenting is subject to our house rules.