Pick n Pay Stores Ltd (PIK) is a publicly listed company on the Johannesburg Stock Exchange (JSE). The JSE is the 16th largest stock exchange in the world and the largest of 22 stock exchanges in Africa.
Here is an overview of Pick n Pay shares and details on how to purchase shares from the JSE
In this in-depth write-up you will learn:
- How to Purchase Pick-n-Pay Shares
- Pick n Pay Nature of Business
- Steps to buy Pick n Pay shares
- How can you locate the Pick n Pay Shares Price?
- How to get JSE Exchange Traded CFD’s
- Does Pick n Pay have shares for sale?
- Pick n Pay history
- Pros and Cons of using an online trading broker
- Pick n Pay shareholders
- Details about the JSE
- Details about CFD Shares
- Is Pick n Pay a good investment?
- Traditional Stock Broker vs Online Stock Trading Broker
and much, much more!
How to Purchase Pick-n-Pay Shares
To buy Pick n Pay Stores shares, retail traders and investors are required to go through a JSE-approved broker.
There’s no method to purchase shares directly from the JSE without using a broker unless the company offers a direct stock purchase plan, which is rare in South Africa. Fortunately, online brokerage fees are inexpensive; ranging from only 0.25% to 0.5% per trade.
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Pick n Pay at a Glance
𝗔𝘀𝗽𝗲𝗰𝘁 | 𝗜𝗻𝗳𝗼𝗿𝗺𝗮𝘁𝗶𝗼𝗻 |
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📜 Name | Pick n Pay Stores Ltd |
🕖 JSE code / Stock Symbol | JSE:PIK |
🚀Sector | Personal Care, Drug, Grocery Stores, Clothing |
📌 Industry | Retail - Grocery and Supermarkets |
🎁 Market cap | 24,924,175,714 |
💻 Stock Exchange | Johannesburg Stock Exchange (JSE) |
🚀 Employees | 90 000 |
📜 Stores | 2081 |
📌 Open an account | 👉Click Here |
Nature of Business
Pick n Pay Stores Ltd is a retail business in the fast-moving consumer goods sector in southern Africa.
It is one of the largest and most consistently successful retailers in Africa. Pick n Pay has a footprint in South Africa, Namibia, Eswatini, Botswana, Lesotho, Zambia, and Zimbabwe.
The retail group operates through multiple store formats under three brands; Pick n Pay, Boxer, and TM supermarkets.
Pick n Pay branded businesses include hypermarkets, supermarkets, clothing, liquor, express, and pharmacy outlets.
Non-Pick n Pay branded businesses include Boxer Superstores and a 49% shareholding in TM Supermarkets in Zimbabwe.
Pick n Pay product portfolio covers perishable food, non-edible groceries, clothing, health and beauty, liquor, pharmaceuticals, building and hardware, and general merchandise.
Pick n Pay also has the largest online grocery business in Africa.
Pick n Pay was founded in 1967. It operated as a family-controlled business in its formative years with four small stores in the Western Cape.
Raymond Ackerman purchased three Pick n Pay supermarkets from Jack Goldin in Cape Town and grew the retail business into the multi-international enterprise that it is today.
Raymond Ackerman served as executive chairman until his retirement in 2010. His eldest son, Gareth, is the current chairman.
The CEO of Pick n Pay Stores is Richard Brasher (2013- ) and its headquarters are in Cape Town, South Africa.
4 Easy Steps for Beginners to Buy Pick n Pay Shares on the JSE
𝗦𝘁𝗲𝗽𝘀 | 𝗕𝘂𝘆 𝗣𝗶𝗰𝗸 𝗻 𝗣𝗮𝘆 (𝗣𝗡𝗣) 𝘀𝗵𝗮𝗿𝗲𝘀 |
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𝗦𝘁𝗲𝗽 𝟭: | 𝘋𝘦𝘤𝘪𝘥𝘦 𝘪𝘧 𝘺𝘰𝘶’𝘳𝘦 𝘢 𝘵𝘳𝘢𝘥𝘦𝘳 𝘰𝘳 𝘢𝘯 𝘪𝘯𝘷𝘦𝘴𝘵𝘰𝘳 |
If you're new to buying company shares on a stock exchange, you must first decide whether you're a trader or an investor. These are two distinct ways of profiting from financial markets. Traders employ short-term strategies for maximizing returns within days, months, or quarters. They capitalize on market fluctuations and timely entry/exit points. Traders aim for frequent but smaller profits. Investors use long-term strategies for greater returns over an extended period. They buy and hold shares, focusing on long-term goals like retirement or capital profits. |
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𝗦𝘁𝗲𝗽 𝟮: | 𝘋𝘦𝘤𝘪𝘥𝘦 𝘸𝘩𝘰 𝘺𝘰𝘶 𝘸𝘪𝘭𝘭 𝘶𝘴𝘦 𝘵𝘰 𝘣𝘶𝘺 𝘰𝘳 𝘵𝘳𝘢𝘥𝘦 𝘗𝘪𝘤𝘬 𝘯 𝘗𝘢𝘺 𝘴𝘩𝘢𝘳𝘦𝘴 |
Retail traders and investors can't directly purchase Pick n Pay shares from the JSE. For beginners, the route to buy these shares is either through an authorized JSE broker or share CFDs via an online broker or bank using a trading platform. Alternatively, investing through an asset management company is an option, but it's advisable for professionals. | |
𝗦𝘁𝗲𝗽 𝟯: | 𝘍𝘪𝘯𝘥 𝘢 𝘑𝘚𝘌-𝘢𝘱𝘱𝘳𝘰𝘷𝘦𝘥 𝘣𝘳𝘰𝘬𝘦𝘳 |
Novice traders can conveniently trade major global company shares via retail broker platforms or mainstream South African banks. While not all international online brokers include the JSE Top40 Index, most South African traders use their banks to buy local JSE shares. Nearly all major banks in South Africa provide online trading for retail traders and investors seeking to purchase shares. For beginners, utilizing your local bank is the recommended approach to acquire Pick n Pay shares on the JSE. |
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𝗦𝘁𝗲𝗽 𝟰: | 𝘖𝘯𝘭𝘪𝘯𝘦 𝘳𝘦𝘨𝘪𝘴𝘵𝘳𝘢𝘵𝘪𝘰𝘯 𝘢𝘯𝘥 𝘧𝘶𝘯𝘥𝘪𝘯𝘨 |
1. Sign up with your email address - 👉Click Here | |
2. Enter your personal details and banking details for fund transfers | |
3. Add accounts and sign mandates | |
4. Read the terms and conditions | |
5. Send in your identification documents required by FICA legislation | |
6. Fund your account in the currency accepted by the broker | |
7. Set up your trading platform and start trading |
FICA: Documents required for individual traders
- A valid South African identity document
- Proof of residential address, for example, water and electricity bill (not older than three months), your bank statement (not older than three) or current lease agreement. The documents must be in the name of the account holder. If not, written confirmation from the account holder that the applicant lives at the residential address and a certified copy of the account holder’s identity document is required.
- A canceled cheque or bank statement not older than 3 months (electronic statements are not accepted). The name of the bank account must correspond with the applicant’s details.
- Proof of income tax number; for example, a copy of an official document issued by the South African Revenue Services. (An IRP5 will not be accepted).
Please note
Due to the SA government’s anti-money laundering legislation, JSE-approved brokers require original or originally certified copies of the above documents.
Traditional Stock Broker vs Online Stock Trading Broker
𝗙𝗲𝗮𝘁𝘂𝗿𝗲 | 𝗧𝗿𝗮𝗱𝗶𝘁𝗶𝗼𝗻𝗮𝗹 𝗦𝘁𝗼𝗰𝗸 𝗕𝗿𝗼𝗸𝗲𝗿 𝗖𝗼𝗺𝗽𝗮𝗻𝘆 | 𝗢𝗻𝗹𝗶𝗻𝗲 𝗦𝘁𝗼𝗰𝗸 𝗧𝗿𝗮𝗱𝗶𝗻𝗴 𝗕𝗿𝗼𝗸𝗲𝗿 |
---|---|---|
Service Accessibility | Physical offices or branches | Online platform accessible anytime |
Commission/Fees | Often higher commissions and fees | Typically lower commissions/fees |
Personal Assistance | Offers in-person or phone support | Limited to online support |
Trading Tools | Comprehensive research and tools | Online tools and research available |
Account Management | Personalized account management | Self-managed online accounts |
Trading Flexibility | May offer more complex trading options | Focuses on user-friendly interface |
Accessibility | Limited to business hours and locations | 24/7 access from anywhere |
Education/Resources | May provide in-person seminars | Offers online tutorials and resources |
Account Minimums | Often higher account minimums | Lower or no account minimums |
Speed of Execution | May have slightly slower execution | Generally fast execution times |
🚀Open an Account | 👉Click Here | 👉Click Here |
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How to get JSE Exchange Traded Contracts for Difference (CFDs)
To access this product, contact one of the JSE’s Equity Derivatives members.
9 JSE-approved brokers to buy Pick n Pay shares in South Africa:
Share broker | Broker fee per trade | Admin fee per trade | Register |
Absa Bank | 0.40% | R75 | Absa stock broking |
BP Bernstein | 1.00% | R30 | BP Bernstein stock broking |
Easy Equities | 0.25% | R80 – R100 | Easy Equities stock broking |
FFO Securities | 1.25% | R30 | FFO Securities stock broking |
FNB | 0.50% | R87 | FNB stock broking |
Momentum Securities | 0.50% | R45 | Momentum Securities stock broking |
PSG Wealth | 0.90% | R55 | PSG Wealth stock broking |
Sanlam iTrade | 0.50% | R50 | Sanlam iTrade stock broking |
Standard Bank | 0.40% | R99 | Standard Bank stock broking |
** Broker fees and admin fees are subject to change: estimate for comparison only
Pick n Pay Shareholders
𝗦𝗵𝗮𝗿𝗲𝗵𝗼𝗹𝗱𝗲𝗿 𝗡𝗮𝗺𝗲 | 𝗢𝘄𝗻𝗲𝗿𝘀𝗵𝗶𝗽 𝗣𝗲𝗿𝗰𝗲𝗻𝘁𝗮𝗴𝗲 |
---|---|
Raymond Ackerman & Ackerman family | 25.27 % |
Public Investment Corporation (SOC) Ltd. | 18.69 % |
Fidelity Management & Research Co. LLC | 5.095 % |
The Vanguard Group, Inc | 2.633 % |
Allan Gray (Pty) Ltd. | 2.101 % |
Sanlam Investment Management (Pty) Ltd. | 1.606 % |
Norges Bank Investment Management | 1.222 % |
Dimensional Fund Advisors LP | 0.8974 % |
Pick 'n Pay Employee Share Purchase | 0.7738 % |
ÖKOWORLD LUX SA | 0.6728 % |
Pick n Pay History
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1968: Pick n Pay, a South African retail company, was founded by Raymond Ackerman.
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1968: The company became publicly listed on the Johannesburg Stock Exchange (JSE).
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1981: Pick n Pay introduced its “Smart Shopper” loyalty program.
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1997: Raymond Ackerman stepped down as CEO, handing over leadership to his son, Gareth Ackerman.
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2000s: Pick n Pay expanded its operations beyond South Africa, opening stores in other African countries.
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2010s: The company implemented various initiatives to improve its operational efficiency and customer experience.
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2019: Richard Brasher became CEO, bringing experience from his time as CEO of Tesco UK.
Pros and Cons of Trading Shares via an Online Trading Broker
✅ Pros | ❎Cons |
---|---|
Accessible 24/7 from anywhere with an internet connection | Absence of personalized investment advice compared to traditional brokers. |
Typically lower commissions and fees compared to traditional brokers. | Online trading carries cyber security and fraud risks. |
User-friendly platforms with tools and research for easier trading. | Trading relies on stable internet and platform performance |
Quick execution of trades due to online nature. | Beginners may face challenges navigating the online platform and understanding trading. |
Online brokers offer access to various and financial instruments. markets | Easy access might lead to impulsive trading and excessive transaction fees. |
Some online brokers have lower or no account minimum requirements. | Requires traders to make decisions without in-person or personalized guidance. |
Many platforms provide research tools, educational resources, and market news. | Online platforms can experience technical glitches or outages, affecting trading. |
Traders have direct control over their trades and decisions. | Online brokers may offer limited personalized assistance compared to traditional brokers. |
Online account registration and funding are usually quicker and more streamlined. |
Details about the JSE
👉 The Johannesburg Stock Exchange (JSE) is based in South Africa where it has operated as a marketplace for the trading of financial products for over 132 years. The JSE connects buyers and sellers in equity, derivative, and debt markets.
👉 The JSE is the largest stock exchange in Africa and one of the top 20 exchanges in the world in terms of market capitalization. As of August 2020, the market capitalization of the JSE was at US$1,005 billion.
👉 The JSE is a member of the World Federation of Exchanges (WFE) and holds the chairmanship of the Association of Futures Markets (AFM).
👉 The JSE offers an electronic, efficient, secure market with excellent regulation, trading and clearing systems, settlement assurance, and risk management.
👉 JSE Market Data provides a range of reliable and transparent market data products to market professionals and data distributors. JSE Market Data supports multiple use cases that require live data for JSE-listed equities, derivatives, and bonds.
👉 This data is generated across the various markets throughout the trading day.
👉 JSE Market Data also provides an extensive range of index, stock exchange news, historical, and reference data services.
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Details about CFD Shares
👉 CFDs are Contracts for Differences. You get them for shares, commodities, forex, precious metals and energy, and global stocks. Share CFDs are the most commonly-traded CFDs in the marketplace.
👉 The CFD prices come from the price of the underlying stock that is the subject of the CFD. Trading share CFDs feels exactly the same as buying and holding shares as an investor but the difference is you don’t own the underlying asset. Instead, you’re speculating on the price movement of the stock.
👉 Share CFDs can be bought and sold easily on a broker’s trading platform. You take advantage of price movements in both rising and falling markets. Traders hope to make money by buying low and selling higher, or selling high and buying lower.
Forex Trading Africa Disclaimer
Trading share CFDs is highly speculative, involves significant risk of loss, and is not suitable for all investors.
Share CFDs are only suitable for traders who understand and are willing to assume the economic, legal, and other risks involved; are experienced and knowledgeable about trading in derivatives and underlying asset types; and are financially able to assume losses significantly in excess of margin or deposits if trading on leverage and margin.
Forex Trading Africa aims to educate its readers on products and services available to access the global financial markets. Readers assume the risks of trading CFDs and trade independently of any information provided on the Forex Trading Africa website.
Conclusion
In Conclusion this guide has aimed to provide a clear and informative path for individuals interested in purchasing Pick n Pay shares. Investing in stocks requires careful consideration, research, and a willingness to learn. By understanding the steps involved, from selecting a brokerage account to placing an order, you can approach the process confidently and responsibly. Remember that the value of shares can fluctuate, and it’s important to make investment decisions aligned with your financial goals and risk tolerance
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Frequently Asked Questions
Can I buy Pick n Pay shares directly from the JSE?
No, retail traders and investors cannot buy shares directly from the JSE. A JSE-approved broker needs to purchase Pick n Pay shares on your behalf. Contact any mainstream bank in South Africa that offers a stock broking service or find a JSE-approved broker on the list provided below.
What is the difference between a trader and an investor?
The big difference between a trader and an investor is traders typically buy shares as CFDs (contracts for differences) which means they don’t own the underlying asset. Investors take ownership of the underlying asset and the shares are held for them on an investment platform.
Is Pick n Pay a good investment?
Pick n Pay, a company that deals in groceries and food, is a defensive investment. Its defensive tendency is strengthened by its preference for middle-to-upper-class customers who are more resilient, and even its exposure to the clothes retail industry is defensively centered on basic, low-cost lines rather than fashion lines.
How can you locate the Pick n Pay Shares Live Price?
The live price for Pick n Pay shares can be located on Stock Exchange Websites, Online Brokerage Platforms, Financial Apps and Financial News Websites.
Does Pick n Pay have shares for sale?
Pick n Pay is listed on the JSE with shares available for purchase.