Kaya 959 Kaya Biz

Pick n Pay braces for another significant loss

Loading player...
Pick n Pay shares slumped by as much as 14% on Tuesday as the retailer warned of a larger-than-expected loss for the 52 weeks to 1 March as the turnaround of its core company-owned supermarkets in South Africa stalled towards the end of calendar 2025. This announcement was made after the market closed on Monday. It expects its annual loss to widen by more than 20% which it admits is a “disappointment”. Previously, it had guided that its trading loss would be “broadly in line” with that of its previous financial year. Victor Seanie, Head of SA Research at Benguela Global Fund Managers gives analysis on what is driving Pick n Pay’s widened loss despite its turnaround efforts.
10 Feb 3PM English South Africa Business News · Investing

Other recent episodes

Surging Healthcare Costs & BHF’s Risk-Pooling Plan

Charlton Murove, Head of Research at the Board of Healthcare Funders (BHF), unpacks the financial squeeze facing South Africa’s private healthcare sector, where surging payouts for high-cost treatments threaten scheme solvency, and details the BHF’s proposal for an industry-wide risk-sharing pool to curb runaway medical aid contribution hikes.
4 Nov 2PM 17 min

US-SA Bilateral Reset & Market Impact

Econometrix Chief Economist Dr. Azar Jammine analyzes the economic implications of shifting US political dynamics and President Ramaphosa’s renewed optimism for bilateral relations. He unpacks what a potential diplomatic reset means for foreign direct investment, currency stability, and how South Africa must navigate international trade partnerships to protect long-term growth.
4 Nov 2PM 14 min

Municipal Failure, Capital Collapse, and SA’s Macroeconomic Trajectory

Political economist Duma Gqubule and Momentum Investments Chief Economist Sanisha Packirisamy break down the severe economic consequences of South Africa’s local government crisis. Together, they analyze how failing municipal infrastructure, collapsing fixed investment, and systemic local fiscal risks directly drag down national GDP, threaten sovereign ratings, and shape the country's…
4 Nov 12PM 22 min

Protecting Export Jobs and Navigating the 60-Day AGOA Deadline

COSATU Parliamentary Coordinator Matthew Parks lays out organized labor’s emergency demands, from UIF relief to trade leverage, as South Africa faces a critical 60-day window following Washington’s move to terminate duty-free AGOA trade access, putting thousands of export jobs at risk.
4 Nov 11AM 14 min

The Statistical Reality of Municipal Decay and Voter Disengagement

Former Statistician-General Dr. Pali Lehohla unpacks the hard demographic and economic data driving growing voter disengagement, structural poverty, and why the true story behind South Africa’s local government crisis lies in the nation's numbers rather than ballot paper promises.
4 Nov 11AM 14 min
All episodes