Pick n Pay founder Raymond Ackerman described as a visionary

todaySeptember 7, 2023 53

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Tributes have been pouring in for the late retail giant, Raymond Ackerman, who has been described as a business visionary.

Ackerman, who led one of the largest supermarket chains in Africa, passed away at the age of 92.

The Pick n Pay founder’s death was announced on X [formerly Twitter].

Pick n Pay says the country has lost a brilliant patriot, who always saw a positive future for South Africa.

Ackerman bought four Cape Town stores named Pick n Pay in 1967 and then opened South Africa’s first Hypermarket situated in Boksburg in 1975.

The retail store currently has a R17 billon market cap with more than 2 000 stores across South Africa and seven other African countries.

Leader of Build One South Africa, Mmusi Maimane, says Ackerman fought tirelessly for the rights of consumers, pioneering cheaper house brands and sparking a fight with government to supply cheaper petrol to consumers.


Written by: Lindiwe Mpanza

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