South Africa’s Ackerman family kicks off 2024 with $14.7-million loss in 11 days
The Ackerman family, known for their wealth and diverse investments, holds a significant 25.53-percent stake in Pick ‘n Pay, or 124,677,238 shares.
Raymond Ackerman
South Africa’s Ackerman family faces $205-million loss in Pick ‘n Pay shares
The Ackerman family, renowned for their wealth and investments, holds a 25.53-percent stake in Pick ‘n Pay.
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Billionaires.Africa remembers Ackerman by recalling some of his most enduring quotes about leadership, entrepreneurship and humanity.
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Ackerman’s influence extended far beyond his retail empire. He passed away at the age of 92, leaving behind a lasting imprint.
South African tycoon Raymond Ackerman, founder of Pick ‘n Pay, dies at 92
Ackerman’s passing marks the end of an era in South African retail, but his enduring legacy will continue to inspire future generations.
South African billionaire Raymond Ackerman and family lose $96 million as Pick ‘n Pay shares bleed on JSE
Ackerman and his family own a 25.53-percent stake in Pick ‘n Pay.
South African retail tycoon Ackerman family gains $20 million in 15 days from Pick ‘n Pay
Pick ‘n Pay operates more than 2,000 stores across eight African countries.
Wealthy South African Ackerman family receives $15 million in Pick n Pay dividends
The $15.04-million dividend was drawn from the group’s retained earnings of $306.5 million.
South African Ackerman family makes $105 million in five weeks from stake in Pick n Pay
Members of the Ackerman family own a significant 25.53-percent stake in the leading retailer, or 124,677,238 ordinary shares.
Led by South African Ackerman family, Pick n Pay reports $6.67 billion in revenue
The single-digit sales growth was driven by an increase in liquor and clothing sales during the period under review.
Family business resilience leads to generational wealth
One of the strengths of family businesses is their ability to create roots similar to trees that embed them in the space they are in.
South African Ackerman family gains over $10.3 million in four days from stake in leading retailer, Pick n Pay
Pick n Pay is South Africa’s second-largest retailer.
Stake of South Africa’s Ackerman family in Pick ‘n Pay drops by $52.20 million
A sell-down in Pick ‘n Pay shares triggered a $200.14-million loss for the company on the Johannesburg Stock Exchange.