Retailer Raymond Ackerman has died at the age of 92.
The news was announced by the Pick n Pay group of which Ackerman was the founder.
“With profound sadness we announce that Pick n Pay founder Raymond Ackerman has passed away.
“A visionary entrepreneur, humanitarian and a great South African. Our country has lost a brilliant patriot who always saw a positive future for South Africa.”
Ackerman’s family is no stranger to the retail group. His father Gus started the Ackerman’s clothing retailer where he was involved with.
After Ackerman’s, he became CEO of Checkers.
In 1967 he bought four Cape Town stores that soon expanded. The country’s first hypermarket opened in Boksburg in 1975. He stepped down as CEO of Pick n Pay in 1999.
According to Wikipedia, the Pick n Pay Group employs more than 30,000 people in several African countries.
Ackerman is survived by his wife Wendy and their four children Suzanne, Kathryn, Jonathan and Gareth.
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