PICK N PAY LISTS ON A2X

Pick n Pay will now have a secondary listing on South African capital market platform A2X Markets (A2X) starting from 1 November, a move that the group says will up its liquidity and improve cost savings. The retail giant, with a market capitalisation of approximately R27 billion, will be joining a list of other big players with secondary listings on the platform including Mr Price, AngloGold Ashanti, Discovery, Growthpoint, Remgro, Sanlam, Sasol and Standard Bank.