JOHANNESBURG - Shares in Pick 'n Pay plunged after the retailer released interim results.
At one stage they were down by as much as 9-percent.
READ: Pick 'n Pay results | Ackerman family to give up power
The group reported a headline loss of 60 cents per share, for the six months that ended in August – an improvement from a 136 cents loss in the same period last year.
Sean Summers, who served as CEO from 1999 to 2007, returned in 2023 after the company entered major troubled waters.
Summers discussed the retailer's performance with eNCA.