Celebrating local innovation and entrepreneurship in Global Entrepreneurship Month Pick n Pay has recognised five small business suppliers that have excelled through its Enterprise and Supplier Development programme this year, and 10 Pick n Pay buyers who have enabled small suppliers to flourish and grow across the retailer’s extensive network. Pick n Pay spent R4.3 billion with SMMEs in South Africa during the last financial year, and 95% of its own brand food and groceries are produced locally. “We understand there are barriers to entering the formal retail sector so we ensure we play our part in equipping, enabling and
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Monthly Archives Nov 2022
Young SA crew prepares to hoist sail for iconic Cape2Rio race
With just a few weeks to go until the starter’s gun fires for the 2023 Cape2Rio, the Alexforbes ArchAngel team is putting final touches to their boat and packing for the race across the South Atlantic Ocean. Alexforbes ArchAngel crew, from the Royal Cape Yacht Club Sailing Academy, comprises skipper Sibusiso Sizatu (30), first mate Daniel Agulhas (29), Renaldo Tshepo Mohale (29), Thando Mntambo (23), Azile Arosi (22) and Justin Peters (21). Onerous amounts of paperwork have been completed, new sails hoisted and inspections completed, but preparing to sail 3 300 nautical miles aboard a tiny vessel takes mental as well
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SOUTH AFRICA RANKS 34TH IN THE MERCER CFA INSTITUTE GLOBAL PENSION INDEX
The Index compares 44 retirement income systems, covering 65% of the world’s population Iceland tops the list for second year in a row As more employers shift from defined benefit to defined contribution plans, retirees will take on greater responsibility for financial well-being South Africa’s pension system ranked 34th out of 44 retirement systems reviewed/considered/covered? in the 14th annual Mercer CFA Institute Global Pension Index (MCGPI). Globally, Iceland was top, followed by the Netherlands, while Thailand ranked last. This year’s MCGPI also features Portugal as a new addition. The MCGPI is a comprehensive study of 44 global pension systems, accounting
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PICK n PAY LAUNCHES ONLINE HOMEWARE STORE
Pick n Pay Home offers new and exclusive online-only products and customers get an impressive new Smart Shopper benefit Customers across South Africa will now be able to shop online at a brand-new Pick n Pay Home shop for a range of exciting new products that will only be available online. The new online shop will be dedicated to homeware and appliances and aims to deliver great prices and the best online shopping experience. Pick n Pay Home will feature an impressive range of popular products for every room in the home, with a strong focus on new and exclusive
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CONSUMER GOODS COUNCIL OF SOUTH AFRICA CEO CALLS FOR COLLABORATION TO ADDRESS ECONOMIC CHALLENGES
The Chief Executive of the Consumer Goods Council of South Africa (CGCSA) Zinhle Tyikwe has called for collaboration between the government, organised business and other stakeholders to overcome the country’s economic challenges. Speaking at the CGCSA’s annual summit in Sandton, Tyikwe said the low economic growth in South Africa has been worsened by load shedding at a time when the country was beginning to recover from the Covid-19 pandemic, which severely disrupted social and economic life. The theme of this year’s summit is “Reshaping the Future Together: Prepare, Build, Grow & Sustain”. “The CGCSA believes in collaboration with stakeholders to
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PICK N PAY MOVES TO ADD CRYPTOCURRENCY PAYMENT IN STORES
Latest in-store pilot shows cryptocurrency payment can be widely adopted Pick n Pay is leading the way in local retail by making transactions via cryptocurrency more accessible to millions. This follows the successful completion of the first phase of a new pilot that allows customers to pay using cryptocurrency on their smartphones using a trusted app. It is now testing it in more stores. While for many years crypto was something for specialists on their computers, or used by early adopters trying it out, things are changing. The Financial Sector Conduct Authority’s (FSCA) recent announcement paves the way for cryptocurrency
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