Pick n Pay s efforts to
shore up its balance sheet through a rights issue and the
listing of its discounter business Boxer could give the South
African retailer time to fix its core supermarket.
Pick n Pay fundraising seen giving grocer time to fix core business cnbcafrica.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from cnbcafrica.com Daily Mail and Mail on Sunday newspapers.
By Promit Mukherjee and Toby Sterling JOHANNESBURG (Reuters) -Dutch-listed technology investor Prosus NV said on Tuesday it would end a cross-holding structure with its South African parent Naspers, sending both companies' stock higher as investors
JOHANNESBURG :Dutch-listed technology investor Prosus NV said on Tuesday it would end a cross-holding structure with its South African parent Naspers, sending both companies' stock higher as investors welcomed the simplification."They (shareholder) said we don't like this cross holding, it creates complexity.