An unknown buyer agreed to acquire Pick n Pay Stores Limited from Public Investment Corporation Limited.

Pick N Pay Stores Limited specializes in retailing. The group provides primarily food products, clothes, consumer products, pharmaceuticals and liqueurs under the Pick N Pay and Boxer brands. As of February 28, 2022, products are marketed through a network of 2,081 stores (of which 1,244 are company-owned) located in Africa. Net sales are distributed geographically as follows: South Africa (96.6%) and Africa (3.4%).