Pick n Pay, controlled by Soutgh Africa's billionaire Ackerman family, sells down its Boxer crown jewel to fund a slow turnaround
Billionaires Africa | 06.07.2026 22:29
Pick n Pay has sold down more of its fast-growing Boxer chain to raise cash for a turnaround that is proving slower and costlier than the South African grocer expected, and that has cost its founding Ackerman family control of the business it built over nearly six decades.
