Pick n Pay leaves Australia

By Andy Rice 1 July 2010

Pick n Pay is saying goodbye to its business interests Down Under. The South African company announced on Thursday that it will sell its Australian subsidiary, the supermarket Franklins, to Metcash Trading. The R1.4 billion Pick n Pay will receive from the sale will be reinvested in the group's southern African operations. Read more: Fin24

Gallery

While we have your attention...

An increasingly rare commodity, quality independent journalism costs money, though not nearly as much as its absence can cost global community. No country can live and prosper without truth - that's why it matters.

Every Daily Maverick article and every Scorpio exposé are our contribution to this unshakeable mission. It is by far the most effective investment into South Africa's future.

Join our mission to become a Maverick Insider. Together we can Defend Truth.


Scorpio

The Great Art Heist: ANC Secretary-General Ace Magashule in ‘stolen’ Pierneef painting debacle

By Pieter-Louis Myburgh for Scorpio