Ten Johannesburg stores belonging to Pick n Pay franchisee John Baladakis, who is in a court battle with the retailer, ran up losses of more than R115m in 2023.
The stores, nine of which have adjoining liquor stores, are situated in the middle-class suburbs of Edenvale, Eden Glen, Benoni and Kempton Park. Stores lost on average R4m-R8m a year, with one racking up R16m in losses...
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