Kaya 959 Kaya Biz

Pick n Pay Trading loss reduced by R1 billion.

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GUEST: Sean Summers – Pick n Pay CEO

Pick n Pay CEO Sean Summers joined KayaBiz to provide an in-depth update on the retailer’s progress in the first year of its multi-year recovery strategy. The Group reduced its trading loss by R1 billion, a 64% improvement year-on-year—well ahead of its original 50% reduction target. While management remains cautious, the business now expects to reach break-even by FY2028, reaffirming its commitment to long-term sustainability.
26 May 4PM English South Africa Business News · Investing

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