THE FINANCE GHOST: Pick n Pay needs your love

📆 4/17/2023 6:00 AM
📰 FinancialMail

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Pick n Pay is in one of the most defensive sectors. But that doesn’t mean its position as a consumer citadel is assured, writes FinanceGhost.

Ah, South Africa — land of electricity shortages, other than on important public holidays. You can accuse Eskom of many things, but let it never be said that it doesn’t put the jol above the economy. With yet another long weekend of braais and gorgeous weather behind us, there was minimal load-shedding over the Easter weekend.

From a consumer spending perspective, that’s just what the country needs. People feel better after spending time with loved ones, so they arrive at work after a long weekend with renewed spirit, ready to face the inevitable return of load-shedding. Heck, you might even find a stray Easter egg in a Joburg pothole...

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