Pick n Pay supermarket warns rising prices will hit South Africans

Pick n Pay Stores CEO Pieter Boone has had a stormy ten months in charge of South Africa’s third-largest supermarket chain by sales -- and he says the task is unlikely to get easier. The fading of the latest omicron-driven Covid-19 wave and increasingly loose pandemic restrictions have encouraged consumers to spend and travel with greater ease, but the impact of rising fuel, manufacturing and logistics costs is looming, Boone said.

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