It might seem hard to believe at current share prices, but there was a time not so long ago that Pick n Pay and Shoprite were of comparable size, based on their relative turnovers.

Fifteen years ago, in 2006, Pick n Pay had a turnover of R36.7bn,  while Shoprite’s turnover was R33.5bn. However, in the intervening years, Shoprite’s turnover has grown 11.3% compounded to the current figure of R168.03bn, while Pick n Pay’s turnover has only grown 6.4% compounded over the same period, to a current annual figure of R93.1bn. ..

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