Pick n Pay under siege

COSATU Parliamentary Coordinator, Matthew Parks, has slated Pick n Pay over its new plan to improve its operational efficiency and service levels. View online Monday, 11 May 2026 Your daily update Pick n Pay under siege COSATU Parliamentary Coordinator, Matthew Parks, has slated Pick n Pay over its new plan to improve its operational efficiency and service levels. Reserve Bank Governor sends a warning to the United States Reserve Bank Governor Lesetja Kganyago warned that the United States and other developed economies are regressing into territory previously occupied by emerging markets. Government watching R17 billion vanish into thin air The National Treasury is effectively giving up around R17 billion in revenue by granting South Africans some relief at fuel pumps through a reduction in the General Fuel Levy.  Top South African retailer ‘smashed while management put their heads in the sand’ TFG’s latest trading update substantiated a top asset manager’s view that the management team have their heads in the sand regarding the company’s situation. Business and Technology News New store 65% cheaper than Checkers, Pick n Pay, and Spar in South Africa A new online grocery store sells discounted, near-expiry, and surplus groceries in South Africa at up to 65% off retail prices.  South Africa’s oldest telecommunications company which doubled investors’ money in two years Telkom has also responded to rumours that it is planning an African expansion. Must read Tiny South African town where a hidden mining giant turns mine dumps into gold In Barberton, Pan African Resources transformed overlooked mine dumps into a highly profitable tailings-processing business, growing into a multi-billion-rand global gold producer. South Africa’s automotive industry under siege from low-cost Chinese cars The influx of low-cost Chinese cars into South Africa threatens the local automotive industry, but strong policy can potentially remedy this. Only 6% of South Africans can retire comfortably Statistically, only 6 in 100 South Africans can maintain their standard of living in retirement. Here's how much you need to save to retire comfortably. The big insurance mistake many South Africans make When considering which assets to insure, many South African neglect protecting what is arguably their most important asset: their ability to earn an income. More stories

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