, PLEASE USE THIS DOCUMENT AS A GUIDE TO ANSWER YOUR ASSIGNMENT
SECTION A: INTEGRATED REPORT
Question 1
1. Refer to the ‘Chair’s report’ on pages 10 to 11 of the IAR and provide the following by
quoting from this section:
1.1. two strengths of Pick n Pay
"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"
(Pick n Pay 2024).
"Pick n Pay remains one of South Africa’s most iconic and loved brands" (Pick n Pay 2024).
1.2. two weaknesses of Pick n Pay
"Operational changes over many years had caused the core Pick n Pay business to decline"
(Pick n Pay 2024).
"The profit recovery lulled us into a false sense of security" (Pick n Pay 2024).
1.3. two threats for Pick n Pay
"The impact of several 'black swan' events, coupled with certain inappropriate strategic
initiatives, caused a precipitous decline in the profitability of our core Pick n Pay business"
(Pick n Pay 2024).
"Given the difficult position in which Pick n Pay found itself, the Board elected to undertake a
R4 billion Rights Offer" (Pick n Pay 2024).
SECTION A: INTEGRATED REPORT
Question 1
1. Refer to the ‘Chair’s report’ on pages 10 to 11 of the IAR and provide the following by
quoting from this section:
1.1. two strengths of Pick n Pay
"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"
(Pick n Pay 2024).
"Pick n Pay remains one of South Africa’s most iconic and loved brands" (Pick n Pay 2024).
1.2. two weaknesses of Pick n Pay
"Operational changes over many years had caused the core Pick n Pay business to decline"
(Pick n Pay 2024).
"The profit recovery lulled us into a false sense of security" (Pick n Pay 2024).
1.3. two threats for Pick n Pay
"The impact of several 'black swan' events, coupled with certain inappropriate strategic
initiatives, caused a precipitous decline in the profitability of our core Pick n Pay business"
(Pick n Pay 2024).
"Given the difficult position in which Pick n Pay found itself, the Board elected to undertake a
R4 billion Rights Offer" (Pick n Pay 2024).
