Browsing: 20th richest south africans

South Africa retailer Pick n Pay to cut US$187 million in costs in 3 years

According to him, the goal of the store is to increase the number of online clients it serves by continuing to invest in the growth of its e-commerce business. If successful, this will result in an increase in sales that is eight times greater by the end of the retailer’s fiscal year in 2026.

Pick n Pay will be able to attain a compound annual rate of 10 per cent growth in group turnover as a result of other measures, which will ultimately result in market share growth of at least 3 per cent by the year 2026.

In addition to this, it has committed to doubling the number of Boxer products sold by 2026 and increasing its profit margin before taxes from the current level of two per cent to more than three per cent.

According to Boone, the formal food and grocery market in South Africa is expected …

Michiel Le Roux

South African billionaire Michiel Le Roux.
Michiel Le Roux is a South African entrepreneur and founder of Capitec Bank in which he owns about 11 percent stake.

Founded in 2001 the bank is listed and trades on the Johannesburg Stock Exchange. Capitec bank targets South Africa’s emerging middle class and is thus far one of Africa’s most successful banks.
Le Roux has served as the bank’s board chairman from 2007 to 2016 and now continues to be a board member and is renowned to be one of SA’s billionaires.
He is a seasoned banker and financial enthusiast having previously run the Boland Bank, a regional bank in Cape Town.

michael le roux

The Bank is now one of the most notable financial institutions in the country and according to the Solidarity Research Institute report of 2015, Capitec Bank is described as the cheapest bank in South Africa.
A good description of a targeted …