Kaya 959 Kaya Biz

Pick n Pay Trading loss reduced by R1 billion.

--:--
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

Other recent episodes

SA Women Take The Lead In First-Time Homeownership

Guest - Justin Easthorpe - Provincial Sales Manager at ooba Home Loans Decade-long data from ooba Home Loans shows that while women made up 46.3% of first-time homebuyers purchasing on their own in 2015, this number has since steadily climbed to 53% in 2025. “Since 2018, the trend of women…
27 Aug 1PM 11 min

The Foundation Planning To Buy Curro

Guest - Jan Mouton- Deputy Chairman for the Jannie Mouton Foundation. The Jannie Mouton Foundation, a major shareholder in Curro Holdings, has signalled its intent to buy out the private school group. This potential transaction could reshape South Africa’s independent education landscape, giving the Foundation full control of the country’s…
27 Aug 1PM 6 min

Curro’s Half-Year Results – Growth In Revenue, But Learner Numbers Slip

Guest - Cobus Loubser, Chief Executive Officer of Curro Holdings Curro Holdings, South Africa’s leading independent school network, has released its interim results for the six months ended June 2025 – showing a mixed picture of resilience in tough market conditions. Revenue rose 4.7% to R2.7 billion, while cash generated…
27 Aug 1PM 10 min

Capitec Is Now the Most Valuable Bank In Africa – But How?

Guest– David Shapiro, Chief Global Equity Strategist at Sasfin Wealth Capitec has officially overtaken FirstRand to become Africa’s most valuable bank — a remarkable feat considering it is the smallest of South Africa’s big five banks by assets, and has the least presence across the continent. Yet, with more than…
27 Aug 12PM 12 min
All episodes