You got the sense that Sean Summers, who rejoined Pick n Pay only two weeks ago, was rallying the troops in his presentation to investors last week, as the full horror of the retailer’s latest results were laid bare.

He tells the FM: “My news for Pieter [Engelbrecht, Shoprite’s CEO] — you can almost see their offices over there — is that we will be back. I have immense respect for what they have done and we will build back to being the opposition you need to have, not want to have...

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