Pick n Pay Stores

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Pick n Pay Stores Ltd.
Founded1967; 56 years ago (1967)[1]
HeadquartersKenilworth, Cape Town, South Africa
Number of locations
1,628 (968 company-owned and 660 franchised)[2]
Area served
Southern Africa
Key people
Gareth Ackerman: (Non-executive Chairman)

Pieter Boone: (CEO)

Lerena Olivier: (CFO)
RevenueIncrease R93.0 billion (2021)[2]
Increase R15.25 billion (2018)[2]
Decrease R967.1 million (2021)[3]
Total assetsIncrease R37.8 billion (2021)[3]
Total equityIncrease R4.02 billion (2018)[2]
Number of employees
90 000[3]

The Pick n Pay Group is a retail business in the fast-moving consumer goods industry. The Group operates through multiple store formats under three brands – Pick n Pay, Boxer and TM Supermarkets. Pick n Pay also operates one of the largest online grocery platforms in sub-Saharan Africa. Raymond Ackerman purchased the first four Pick n Pay stores in Cape Town, South Africa, in 1967 from Jack Goldin.[4] Since then, the Group has grown to encompass stores across South Africa, Namibia, Botswana, Zambia, Nigeria, Eswatini and Lesotho. Pick n Pay also owns a 49% share of Zimbabwean supermarket chain, TM Supermarkets.[5]

As of 2021, the company was operating at 1,994 locations across eight countries on the African continent.[citation needed]

Store types[edit]

  • Pick n Pay Hypermarkets            21          (owned)
  • Pick n Pay Supermarkets           530        (287 owned and 243 franchise)
  • Pick n Pay Clothing                    255        (235 owned and 20 franchise)
  • Pick n Pay Liquor                       506        (264 owned and 242 franchise)
  • Pick n Pay Express                    174        (franchise)
  • Pick n Pay Market stores            38          (Spaza partners)
  • Boxer Supermarkets                   208        (owned)
  • Boxer Punch                               17          (owned)
  • Boxer Build                                 30          (owned)
  • Boxer Liquor                               87          (owned)
  • TM Supermarkets                       61          (associate – 33 trading as TM; 28 trading as Pick n Pay)                                                  


  1. ^ Pick n Pay website, About Us
  2. ^ a b c d "Annual Report 2021" (PDF). Pick n Pay. Retrieved 2021-10-20.
  3. ^ a b c https://www.picknpayinvestor.co.za/downloads/annual-report/2021/pick-n-pay-iar-new.pdf[bare URL PDF]
  4. ^ Cone, Matteo (2013-12-01). "King of the Clicks' empire". Tribute to Jack Goldin. Retrieved 2022-04-23.
  5. ^ "Pick n Pay Stores Ltd.:Integrated Annual Report 2018" (PDF).

External links[edit]