Assignment 1 Semester 2 2025
Unique #:
Due Date: 30 September 2025
Detailed solutions, explanations, workings
and references.
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, QUESTION 1: ANALYSIS OF CHAIR’S REPORT
Refer to the Chair’s Report on pages 10–11 of the IAR.
Provide the following:
1.1 Two Strengths of Pick n Pay (2 marks)
Strength 1:
Quotation: ―The success of the Boxer, Pick n Pay Clothing, Online and value-added
services businesses carried the Group and provide a strong foundation for the
recovery of the overall business.‖
Explanation: This shows that several divisions within the company are performing
well and are contributing to a potential turnaround.
Strength 2:
Quotation: ―Our family believes deeply in the strength and potential of Pick n Pay
and Boxer, and we are dedicated to seeing it thrive for generations to come.‖
Explanation: There is strong internal confidence in the company‘s long-term growth
and sustainability.
1.2 Two Weaknesses of Pick n Pay
Weakness 1:
Quotation: ―The Group‘s short-term funding structure became over-reliant on short-
term debt.‖
Explanation: Financial structure challenges have created risk, especially due to an
over-dependence on short-term funding.
Weakness 2:
Quotation: ―Several ‗black swan‘ events... impacted the core Pick n Pay business.
However, we were not sufficiently agile in our response.‖
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