Pick n Pay dangles R37.7 million carrot for CEO Sean Summers

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Saturday, 29 August 2026

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Pick n Pay dangles R37.7 million carrot for CEO Sean Summers
Pick n Pay CEO Sean Summers has accepted R37.7 million worth of shares that will vest in 2029, on condition that he meets his key performance indicators.
Stadio now has more students than Wits, UCT, or Stellenbosch
Stadio has exceeded its pre-listing milestone of 56,000 students, with the private education giant now boasting 59,191 students.
R122 billion takeover to create the world’s largest platinum miner in South Africa
Valterra made an informal approach to rival South African miner Northam Platinum, exploring a potential deal that could create the world’s largest supplier of the precious metal.
Big changes for electricity prices in South Africa
South Africa’s Revised Electricity Pricing Policy has been published for public comment and is set to usher in major changes for the local energy sector.
Business and Technology News
Another major shopping mall in South Africa being sold
The Competition Commission has approved the sale of a major shopping centre in Randridge.
DStv in a high-tech battle against Internet pirates
Canal+ said it has technology that can help find the people pirating DStv content.
The top Afrikaans school that had a 100% matric pass rate for three decades and produced Springbok Faf de Klerk
Hoërskool Waterkloof has grown from a small public school that opened with just a handful of classrooms in 1979 into one of South Africa's best-performing government schools.
Must read
MTN beats Vodacom, Telkom, and Cell C
MTN is the best-performing telecommunications stock on the JSE in 2026 to date, beating out Vodacom, Telkom, and Cell C.
R2.81 million damage: Cape Town buses stoned 582 times in four months
Between 1 April and 31 July 2026, there were 582 reported incidents of Golden Arrow Buses being stoned, causing R2.81 million in damages.
Residents in South Africa’s richest city effectively pay double taxes
Johannesburg residents are effectively being double-taxed as they pay municipal rates for services the city fails to deliver, forcing communities to fund private alternatives.
Zimbabwe owes South African Airways R942 million
Zimbabwe owes R942 million to South African Airways, which the airline has struggled to repatriate over the past decade due to an ongoing liquidity crunch.
Partner content
How Codehesion modernises South African business software using AI
Your modernisation project doesn’t have to be expensive, time-consuming, and overwhelming.
The one thing South Africa’s top businesses have in common
Daily Investor's audience trusts the website for its fast, accurate, and informative coverage of the most important financial and investing news - both in South Africa and abroad.
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