,MNG2602 Assignment 1 (COMPLETE ANSWERS) Semester 2
2025 – DUE 30 September 2025;100% trusted ,comprehensive and
complete reliable solution with clear explanation
The following seven questions are based on Pick n Pay‟s integrated
annual report (IAR) for 2024. You need to download the report to
answer the questions. To download the integrated report, go to
Instructions Download and save the IAR on your desktop or in a folder
so that you can access it easily. Once you have saved the IAR, open the
report and answer the questions. Each question refers to a heading and a
page number. Page numbers refer to the page number as indicated on the
integrated report (bottom left and right). You do NOT have to read the
entire report; only refer to the specified sections. We advise you to work
with the electronic version of the integrated report, as it is a lengthy
document to print. Work on a laptop or computer so that you can easily
open and navigate between two windows/browsers.
Question 1 (6 marks)
Refer to the “Chair’s Report” (pp. 10–11) and quote the following:
Strength 1:
“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.” (p. 10)
Explanation:
This highlights diversification and resilience as a key strength. Even
though some parts of the business may have struggled, these divisions
performed strongly enough to sustain the Group. This means Pick n Pay
, isn’t reliant on just one revenue stream — its Boxer brand, clothing line,
online shopping, and extra services (like financial services) create
multiple income channels, reducing overall business risk and giving a
base for future growth.
Strength 2:
“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.” (p. 11)
Explanation:
This shows long-term commitment and stability in leadership. The
Pick n Pay founding family’s belief in the business is more than
emotional — it signals to investors, employees, and customers that
there’s consistent leadership vision and dedication. This trust and
continuity can strengthen relationships with stakeholders, improve brand
reputation, and encourage long-term strategic planning rather than short-
term profit chasing.
1.2 Two weaknesses of Pick n Pay (2 marks)
Weakness 1 (quoted):
“The Group’s short-term funding structure became over-reliant on short-
term debt.” (p. 10)
Explanation:
This statement highlights a significant financial vulnerability—namely,
liquidity risk. Relying heavily on short-term debt means that Pick n Pay
may face challenges in rolling over existing obligations if market
conditions sour or if access to capital tightens. This could lead to cash
flow pressures and increased borrowing costs, especially during
2025 – DUE 30 September 2025;100% trusted ,comprehensive and
complete reliable solution with clear explanation
The following seven questions are based on Pick n Pay‟s integrated
annual report (IAR) for 2024. You need to download the report to
answer the questions. To download the integrated report, go to
Instructions Download and save the IAR on your desktop or in a folder
so that you can access it easily. Once you have saved the IAR, open the
report and answer the questions. Each question refers to a heading and a
page number. Page numbers refer to the page number as indicated on the
integrated report (bottom left and right). You do NOT have to read the
entire report; only refer to the specified sections. We advise you to work
with the electronic version of the integrated report, as it is a lengthy
document to print. Work on a laptop or computer so that you can easily
open and navigate between two windows/browsers.
Question 1 (6 marks)
Refer to the “Chair’s Report” (pp. 10–11) and quote the following:
Strength 1:
“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.” (p. 10)
Explanation:
This highlights diversification and resilience as a key strength. Even
though some parts of the business may have struggled, these divisions
performed strongly enough to sustain the Group. This means Pick n Pay
, isn’t reliant on just one revenue stream — its Boxer brand, clothing line,
online shopping, and extra services (like financial services) create
multiple income channels, reducing overall business risk and giving a
base for future growth.
Strength 2:
“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.” (p. 11)
Explanation:
This shows long-term commitment and stability in leadership. The
Pick n Pay founding family’s belief in the business is more than
emotional — it signals to investors, employees, and customers that
there’s consistent leadership vision and dedication. This trust and
continuity can strengthen relationships with stakeholders, improve brand
reputation, and encourage long-term strategic planning rather than short-
term profit chasing.
1.2 Two weaknesses of Pick n Pay (2 marks)
Weakness 1 (quoted):
“The Group’s short-term funding structure became over-reliant on short-
term debt.” (p. 10)
Explanation:
This statement highlights a significant financial vulnerability—namely,
liquidity risk. Relying heavily on short-term debt means that Pick n Pay
may face challenges in rolling over existing obligations if market
conditions sour or if access to capital tightens. This could lead to cash
flow pressures and increased borrowing costs, especially during
