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
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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.
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Ackerman’s passing marks the end of an era in South African retail, but his enduring legacy will continue to inspire future generations.
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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.
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Pick ‘n Pay operates more than 2,000 stores across eight African countries.
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The $15.04-million dividend was drawn from the group’s retained earnings of $306.5 million.
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Members of the Ackerman family own a significant 25.53-percent stake in the leading retailer, or 124,677,238 ordinary shares.
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The single-digit sales growth was driven by an increase in liquor and clothing sales during the period under review.