Raymond Ackerman Net Worth is$550 $Million
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Raymond Ackerman (born 10 March 1931) is a South African businessman, who purchased the Pick 'n Pay supermarket group from its founder Mr Jack Goldin (subsequent founder of the Clicks Group). Raymond Ackerman was chairman until he stepped down in 2010. He is also well known for his philanthropic activities. He purchased four stores from Jack Goldin in the sixties.
After graduating from the University of Cape Town with a Bachelor of Commerce, he joined the Greatermans group in the Ackermans division in 1951 at the age of 20 as a trainee manager. Ackermans had been founded just after World War I by his father Gus, but was sold to the Greatermans group in 1940.
Ackerman was eventually offered a position at Greatermans head office in Johannesburg. In the early 1950s, food retailing supermarkets first began to appear on the scene in South Africa. Norman Herber, chairman of Greatermans decided to start a food retailer called Checkers. Ackerman was eventually put in charge of Checkers, making a resounding success out the business.
Ackerman won the Outstanding Young South African award in 1965, along with Gary Player and by 1966, at the age of 35, he was the managing director of 85 Checkers stores; however, he was fired in the same year. In response, using his severance pay and a bank loan, Ackerman bought four stores in Cape Town trading under the name Pick 'n Pay. Under his leadership, Pick 'n Pay eventually grew into one of Africa's largest supermarket chains, with a thirty seven billion Rand turnover (2006 figure) and more than 124 supermarkets, 14 hypermarkets and 179 franchised outlets. The Pick 'n Pay Group employs more than 30 000 people in several Southern African countries and Australia.
Ackerman has fought many battles with the South African government (both pre- and post-1994) in his attempts to free up the highly regulated South African fuel industry.
Ackerman is married and has four children, all of whom are involved in the business in various c

Raymond Ackerman Latest News

African Retail Giant Pick N Pay To Cut 3,500 Jobs

South African retail giant Pick N Pay, which is 48% owned by multimillionaire businessman Raymond Ackerman and his family, has announced that it is retrenching 3,500 of its staff – approximately 10% of its workforce. The retailer said on Monday that the ...
Posted: August 1, 2017, 6:45 am

RSU women’s golf adds four for 2017-18

Green comes to College Hill all the way from Cape Town, South Africa playing for the Raymond Ackerman Golf Academy. She was named the golfer of the year in 2014 and 2015. During 2017, Green took first for junior players and second overall at the Clovelly ...
Posted: August 15, 2017, 9:42 am

These are the most popular petrol station shopping franchises in South Africa

From supermarkets with petrol stations, to petrol stations with little supermarkets. Anyone remember "Discount King" Raymond Ackerman's attempt at discounted petrol? He opened a petrol station at his Blackheath PicknPay, offering a straight discount on the ...
Posted: August 15, 2017, 7:31 am

Universities must move from teaching to transforming

It included eight university-based initiatives around the world – including the Raymond Ackerman Academy at the University of Cape Town’s Graduate School of Business – and demonstrated how disrupting university pedagogies around youth ...
Posted: August 17, 2017, 5:00 pm

How to give your customers a true omnichannel experience

As I learnt during my Pick ‘n Pay training when I had a part time job at university, from Raymond Ackerman: “The customer is queen”, there is no reason why this should not translate for the digital consumer. Treat your customer like royalty by ...
Posted: August 21, 2017, 11:03 pm
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