The money expected to be raised in Boxer’s unbundling from Pick n Pay is set to go a long way in settling the group’s R6.1bn debt pile, which is now all guaranteed by Boxer. That followed the inking of a restructuring agreement with lenders, giving the group liquidity to stay afloat until September 2025.

The struggling retail giant is undergoing a strategic turnaround to lift its supermarket business out of the doldrums...

Subscribe now to unlock this article.

Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).

There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.

Cancel anytime.

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

Speech Bubbles

Please read our Comment Policy before commenting.