Pick n Pay has flagged the informal retail sector as a competitive force in the grocery retail market, the latest high-profile corporate player to validate the sector as a parallel economy demanding strategic attention from both companies and the government.

In its latest annual report, the company identified the expansion of the informal economy, alongside the removal of lease exclusivity clauses in certain shopping centres, and the growing preference for low-cost, hyperlocal shopping as shifts putting pressure on the traditional supermarket model...

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.