Retail icon and founder of Pick n Pay, Raymond Ackerman, has died at the age of 92.
Ackerman founded Pick n Pay in 1967 in Cape Town.
Pick n Pay announced the passing on of Raymond in a statement.
“With profound sadness we announce that Pick n Pay founder Raymond Ackerman has passed away. A visionary entrepreneur, humanitarian and a great South African. Our country has lost a brilliant patriot who always saw a positive future for South Africa.”
The company describes him as a compassionate employer and a committed philanthropist.
He leaves behind his wife, Wendy, children Gareth, Kathy, Suzanne, and Jonathan, his 12 grandchildren and four great-grandchildren.