Ackerman hands over reins

RAYMOND Ackerman, the founder of Pick n Pay, handed over the keys to his kingdom to his older son Gareth yesterday on his 79th birthday.

RAYMOND Ackerman, the founder of Pick n Pay, handed over the keys to his kingdom to his older son Gareth yesterday on his 79th birthday.

Ackerman said he was not keen to leave, and would have liked to stay until he was 84 or 85, but had been advised to hand over while he was still fit and healthy, and not be forced to do it in a crisis.

"Don't wait until your health fails," he said he was told. - I-Net Bridge

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