With a history stretching back to 1967, the Pick n Pay Group is the second largest supermarket group in South Africa, with operations now stretching into Mozambique, Botswana, Zimbabwe, Swaziland, Namibia, Lesotho, Zambia and Mauritius.

Operating under the Pick n Pay and Boxer brands, the group’s offerings have extended from groceries and general merchandise, to clothing, liquor, health and beauty products, building and hardware, and value-added services, operating across multiple store formats, both owned and franchised. Controlled by the Ackerman family, the group is managed through the South Africa and Rest of Africa divisions.

The group today has over 1 400 stores servicing over 9 million customers, employs over 50 000 staff and sources products for sale from over 5000 trade suppliers. Turnover for the 2016 financial year came in at R72.4 billion. Pick n Pay shares are listed on the Johannesburg Stock Exchange (JSE) with a market cap of R35 billion.

The company’s growth and strong Pick ‘n Pay share price has been driven by products which cater to all LSM markets and an ever-adapting focus on the client’s evolving purchase needs. In the 2016 financial year, the group managed some impressive improvements in its key performance data. Trading profit increased by 22% to R1.5 billion, and headline earnings per share increased by 26.4%. Shareholders also received dividends of 149 cents per share, a 26.5% increase from 2015.

The improvements were largely attributed to greater business efficiency, strong profit margin management and an increasingly effective network of local suppliers, which enabled the group to keep price increases considerably below the high inflation rate. The group managed to continue increasing its market share, with a total of 175 new stores opened during the year. Against a backdrop of pressured consumer spending, with a trend for shoppers to buy smaller baskets, the group has continually introduced convenience initiatives such as mobile money, ticketing and a better selection of product ranges. Sales grew by 3.8%, compared to 3.6% the previous year. The group has also introduced a growing online business that gives customers the opportunity to buy products from their homes and have them delivered.

The Rest of Africa division also registered steady profit increases, driven by strong performances from the TM Supermarkets brand in Zimbabwe and franchise operations in Botswana and Swaziland. 14 new stores were opened outside South Africa, and stores have been earmarked for Ghana and Nigeria.

Pick n Pay shares have historically been one of the JSE’s blue chip stocks to buy. The live online stocks chart shows an unabated rise in Pick n Pay share price, and investment analysts continue to forecast that the shares have scope for growth. The group is an established force which moves well with the times, making Pick ‘n Pay shares a solid buy for any JSE investor.

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