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Raymond Ackerman

Raymond Ackerman founded the Pick N Pay Group, a supermarket chain with over 1,000 stores in South Africa, Zimbabwe and other Southern African States.

Raymond Ackerman

Revenues of the publicly traded group are expected to reach $7.0 billion in the year through February 2014.

Ackerman built a strong reputation as a consumer champion, fighting supplier cartels in bread, petrol, cigarettes and many other industries. The Ackerman Family Educational Trust supports university education for hundreds of students and aids the mentally and physically disabled.

Raymond's grandfather Meyer Ackerman moved to South Africa from Europe at the end of the 19th century. His son Gus Ackerman, with two friends, opened the first Chain Store in South Africa "Ackermans".