Tag: Richard Brasher
Pick and Pay was not the grocer of choice on the stock market today with the share price tumbling over 13 per cent after it reported a drop in annual profits, mainly due to challenges in Zimbabwe and Zambia. The retailer also said it would defer its annual dividend to preserve cash due to the complexities of Covid19. Pick n Pay CEO, Richard Brasher joins CNBC Africa for more.
Pick n Pay, one of Africa's largest retailers, has delivered strong results in the midst of a tough trading environment. The groups headline earnings per share grew 17.5 per cent to 91.28 cents and with its trading profit in its South African business up by 16.4 per cent. Pick 'n Pay CEO, Richard Brasher joins CNBC Africa for more.