Ackerman Family

Despite this setback, the Ackerman family remains among the country’s richest families and top investors on the local bourse.

The Ackerman family is one of the richest families in South Africa.

The Ackerman family owns a sizable 25.53-percent stake in Pick ‘n Pay, or 124,677,238 issued shares.

Pick ‘n Pay operates more than 2,000 stores across eight African countries.

The Ackerman family owns a 25.53-percent stake in Pick ‘n Pay.

The Cape Town-based retail behemoth operates more than 2,000 stores across eight African countries.

The Ackerman family owns a significant 25.53-percent stake in the leading retailer, totaling 124,677,238 ordinary shares.

The $15.04-million dividend was drawn from the group’s retained earnings of $306.5 million.

Members of the Ackerman family own a significant 25.53-percent stake in the leading retailer, or 124,677,238 ordinary shares.

The single-digit sales growth was driven by an increase in liquor and clothing sales during the period under review.