Number Of The Day | 2029 | 26 May 2026
2029 is today’s Number of the Day.
Gareth Edwards and Francis Herd look at Pick n Pay’s delayed break-even target, after the retailer moved its expected recovery timeline from 2028 to 2029.
The market reaction was sharp. Investors punished the share price, raising fresh questions about whether Sean Summers’ turnaround plan is moving fast enough.
But this is not only a numbers story. It is a South African shopping story.
Pick n Pay was once deeply loved by local consumers. Now it is fighting for space in a brutal retail war, with Checkers, Shoprite and the rise of fast delivery changing how shoppers behave.
The discussion also turns to jobs and working conditions. As Pick n Pay tries to cut costs and restructure, staff expenses, Sunday pay and union concerns have moved to the centre of the recovery plan.
Gareth and Francis also revisit Sean Summers’ earlier reputation for crisis management, asking whether the CEO who once helped Pick n Pay through a major public scare can do it again.
2029 is a delayed target, but also a bigger test: can Pick n Pay save the business without losing the people and loyalty that built it?
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