Franchise takeover will open up investment, Pick n Pay says

The group, which is one of South Africa’s largest retailers, recently received local approval for the 100% takeover of NTS Holdings, the company that had been operating Pick n Pay supermarkets and liquor stores in the country for over a decade under a franchise arrangement.

NTS Holdings had, since 2009, held a territorial agreement to run Pick n Pay’s Botswana operations and by the time of the buyout, was managing 13 supermarkets and six liquor stores under the Pick n Pay brand.