Pick n Pay cuts losses as turnaround strategy gains momentum

Pick n Pay has reported a marked improvement in its financial performance for the first half of its 2027 financial year, narrowing its losses as it continues executing a comprehensive turnaround strategy aimed at restoring profitability by 2029. For the six months ended 31 August 2026 , the retailer generated a gross profit of R6.4 billion , representing a 3.9% increase compared to the same period in the previous year. While the business remains loss-making, its financial position has improved s