Business Report writes that Pick n Pay Stores created more than 2,000 new jobs in the first half of its financial year and opened 74 new stores as part of plans to grow its market share.  

“The group is on track with its 2015 plan to create 5,000 new jobs per year by 2020.  A further 2,100 new jobs were created in the first half of this year, bringing the benefits of work to more employees and their families,” Richard Brasher, the retailer’s CE, said on Tuesday.  Pick n Pay has a three-year wage agreement with the SA Commercial, Catering and Allied Workers’ Union (Saccawu), thereby securing certainty. Ron Klipin of Cratos Wealth noted that the turnaround strategy had resulted in major cost-cutting in areas such as consultants and management, as well as a more flexible staff scheduling.

• Read this report by Dineo Faku in full at Business Report

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