Pick n Pay Holdings Limited (Public, JNB:PWK) is a South Africa-based investment holding company. The Company, through its subsidiaries, is engaged in the retailing of food, clothing, general merchandise, pharmaceuticals and liquor throughout Southern Africa and in New South Wales, Australia, both on an owned and franchise basis. As of February 28, 2010, the Company had 794 stores (466 corporate and 328 franchise).
The Company’s hyper and supermarkets include food, wine, clothing, with a range of general merchandise and home improvement supplies. Its subsidiaries include Guardrisk Insurance Company Limited, Pick n Pay Retailers (Pty) Limited, Pick n Pay Franchise Financing (Pty) limited, Pick n Pay Garages (Pty) Limited and Raymond Ackerman Holdings limited.
David versus Goliath in fishing Peru
A little more than three years ago, the government of the People's Republic of China surprised the world by reporting that its distant water industrial vessels, which fish for squid at the edge of the...