Pick n Pay capped a six-year turnaround with its best performance in a decade, allowing it to stand out in a sector otherwise battered by a depressed economy and weak consumer demand.
They said Pick n Pay had gained from problems at Shoprite, including a strike that disrupted supply in Gauteng. "They were doing a lot of things in a lot of places, and it all came together," said Gryphon analyst and portfolio manager Casparus Treurnicht.
Source: News Formal (newsformal.com)
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