Raymond Ackerman net worth: Inside PnP founder’s R5bn family fortune

Pick n Pay founder Raymond Ackerman – who died at age 92 – leaves a lasting legacy in South Africa’s retail industry. He also leaves behind a family fortune of around R5 billion!

Ackerman was recently named in the Top 20 richest South Africans on the Johannesburg Stock Exchange (JSE).

 

 
PICK N PAY AND OTHER RETAIL STORES
Raymond Ackerman first found his way into the retail business after his father Gus opened the Ackermans clothing stores in 1916.

After acquiring a Bachelor of Commerce at the University of Cape Town, the young businessman would lant a short stint as a trainee manager in 1951.

He would then go to head up food retailer Checkers, operated through the Greatermans group. In 1965, Ramyond was the Managing Director of 85 Checkers stores around South Africa. According to Entrepreneurs Hub, Raymond was shown the door a year later. This, after he refused to give in to price fixing.As first reported by The South African website, South African businessman and retail giant Raymond Ackerman has died at the age of 92. Photo: Pick n Pay social media Twitter / Facebook

In 1967, Raymond used his severance package and a bank loan to open four Pick n Pay stores in the Cape Town area. Over the years, the brand grew in size and popularity with close to 2000 stores in Sub-Saharan Africa.

In 2010, Raymond stepped down to lead the way for his son Gareth to become the company’s chairman.

Mr. Kgomo threatened Meikie, telling her to fix her attitude or he would send her back to jail.

In the ever-evolving storyline of the South African soap opera “Skeem Saam,” viewers were recently taken aback when Mr. Kgomo, portrayed by Arthur Molepo, issued a stern warning to Meikie, played by Harriet Manamela. The threat involved sending Meikie back to jail if she didn’t mend her ways, adding a gripping layer of tension to the drama.


 
Mr. Kgomo, known for his authoritative and no-nonsense demeanor, has often been a source of tension in the show. His character, a no-holds-barred businessman and patriarch of the Kgomo family, takes matters into his own hands when he perceives a problem that needs addressing. Meikie, a central character, has been caught in Mr. Kgomo’s crosshairs due to her perceived transgressions.

The recent confrontation between Mr. Kgomo and Meikie came as a shock to many viewers. Mr. Kgomo’s threat to send her back to jail adds a new dimension to the ongoing family dynamics and conflicts in the show. Meikie, who has faced her share of challenges and moral dilemmas, now finds herself at odds with the head of the Kgomo family.

The threat also raises questions about the boundaries of power and authority within family structures, as well as the ethics of using such threats to control family members’ behavior. Viewers are divided, with some applauding Mr. Kgomo’s tough stance, believing it to be a necessary measure to maintain order, while others view it as an overreach and an abuse of power.

As “Skeem Saam” continues to captivate its audience with its compelling storytelling and intricate character relationships, the tension between Mr. Kgomo and Meikie serves as a reminder of the complexities that arise within family dynamics. The evolving narrative promises to keep viewers on the edge of their seats as they eagerly await the outcome of this latest clash of wills in the Kgomo family.

Drama as church worship leader ignores fiancé’s proposal during service

Scrolling mindlessly on social media and watching TikTok videos, reels, and Instagram stories can be a mind-numbing activity for most. Our TikTok video of the day has made it easier for you.

Here’s the TikTok video of the day.

 

 
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Securing the bag: Jacob Zuma’s bae LaConco bags new TV role

South African businesswoman and reality TV star LaConco — real name Nonkanyiso Conco — has headed online to celebrate bagging a new TV gig. Taking to her social media, the former Real Housewives of Durban shared that she will be hosting Mzansi Magic’s, Forever Thina. The show is set to air on Sunday evenings at 7pm.

In a lengthy post, she credited job for the new gig while promising viewers Sunday night entertainment like never before.


LACONCO OVER THE MOON AFTER BAGGING NEW TV ROLE
Jacob Zuma’s baby momma recently made headlines after her new hourglass figure stunned social media users.

Many accused her of going under the knife forcing her to share that she had liposuction done and is working out more to maintain her new small waist.

LaConco has managed to wow social media users with her body transformation. Images via Twitter: @Ndoni_ZN
LaConco has managed to wow social media users with her body transformation. Images via Twitter: @Ndoni_ZN
ALSO READ: ‘Can’t afford it’: Thobile ‘MaKhumalo’ accused of wearing fake LV

And now she has headed online to celebrate bagging a new TV role.

Taking to X, the former RHOD star revealed that she will be hosting a new show called Forever Thina on Mzansi magic.

“God has assigned me to a new show — FOREVER THINA. Your Sunday afternoons will be very interesting. Thank you Urban Brew Studios and Mzansi Magic for trusting me to interact with families and their dynamic stories, and every single technical person I worked with. My delightful space was my dress-up room with my glam squad, love the bond we have, oh and shuuu Mzansi is about to see. To the couples that wrote in I hope this show has brought some light and you happy where you are,” she wrote.

WHEN AND WHERE?
She will make her first appearance on the show on 25 September this year and will be taking over from Lebogang Tlokana, popularly known as the Funny Chef.

The show revolves around people looking to delve deep into relationships, family dynamics and romance issues.

Mr. Kgomo does not want Kwaito and Lizzy to be romantic with each other while at the hospital.

In the world of South African television and drama, the characters Kwaito and Lizzy from the popular soap opera “Skeem Saam” have garnered a considerable fan following for their on-screen chemistry and romantic storylines. However, within the show, Mr. Kgomo’s reluctance to see these two characters get romantic with each other while at the hospital has added an intriguing layer to their dynamic.

 

In recent episodes of “Skeem Saam,” the characters Kwaito (played by Clement Maosa) and Lizzy (played by Amanda du-Pont) found themselves in close proximity while at the hospital. This proximity naturally sparked speculation among fans and characters alike about the possibility of a budding romance.

Mr. Kgomo (played by Arthur Molepo), the overprotective and somewhat traditional father figure of Lizzy, has been particularly vocal about his reservations regarding any potential romantic involvement between Kwaito and Lizzy during their time at the hospital.

Mr. Kgomo’s concerns have ignited a debate among viewers of the show, raising questions about the appropriateness of romance in a hospital setting, especially when health and well-being should be the primary focus.

This storyline in “Skeem Saam” touches on a real-life dilemma. While hospitals are places where people often forge deep connections and bonds, it’s important to remember that they are primarily healthcare institutions. Patients, their families, and hospital staff should prioritize health and recovery over romantic entanglements.

Mr. Kgomo’s protective instincts may be seen by some as a demonstration of genuine care for Lizzy’s well-being, while others might view it as an overreaction or interference. This complex portrayal reflects the nuances of family dynamics and the delicate balance between protecting loved ones and allowing them the freedom to make their own choices.

As “Skeem Saam” continues to captivate audiences with its engaging storytelling, Mr. Kgomo’s concerns about Kwaito and Lizzy’s potential romance serve as a reminder of the complexities and emotional intricacies that arise in the world of healthcare and relationships. The unfolding narrative will undoubtedly keep viewers intrigued and invested in the evolving dynamics between these beloved characters.