Thursday, August 11, 2011

Programming note: Pick n Pay's Ramond Ackerman on CNBC Africa's A View from the Top on Friday at 18:00.


''We're a teenage country going through teenage problems. Politicians are young and are learning and are getting better.'' So says South African supermarket supremo and Pick n Pay pioneer Raymond Ackerman in an in-depth and fascinating interview that was recorded last week and will be broadcast tomorrow, Friday 12 August, on CNBC Africa (DStv 410) at 18:00 in A View from the Top with Eleni Giokos.

In the must-see interview (I attended the recording last week in Cape Town) Raymond Ackerman talks about Wal-Mart, mistakes he made at Pick n Pay, opportunities in South Africa within the retail sector and elsewhere, why he's optimistic about the country and what he think's of renewed political murmurs of ''nationalisation''.

In the interview Raymond Ackerman provides tantalizing glimpses out of the past where he was approached to be involved in price collusion (which is basically why he started Pick n Pay), what he thinks of Wal-Mart coming to South Africa, and some of Pick n Pay's plans for the future like expansion further into Africa.

''There isn't an industry in South Africa that's not opening up - there's sno much happening. There's opportunities everywhere,'' says Raymond Ackerman in the CNBC Africa interview that viewers will see tomorrow night. ''The opportunities are unquestionably there.''

He also talks about nationalisation, saying ''governments don't seem to be able to run businesses''. He's also critical of South Africa's labour legislation, imploring government to relax labour laws. ''On the labour front, labour legislation needs to be majorly relaxed to spur job growth. On the labour front we need far more freedom to employ more people. We could employ thousands more people if labour laws were more flexible,'' says Raymond Ackerman.