The late Raymond Ackerman was a wealthybusinessman.
His business philosophy wasdoing good is good business.
He listed the Pick n Pay Group in 1968.
The Pick N Pay founder is pictured in a suit. Photo: @fwdeklerkfoundation, @tygerberg104fm (modified by author)Source: UGC
He valued all consumers and had built a strong reputation for excellent customer service.
He was listed among the richest South Africans.
Raymond Ackerman revolutionised the retail industry in South Africa.
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He was among the first retailers who championedagainst the states monopolyon basic needs.
His business met customers' needs and led to a drastic reduction in the cost of essential products.
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Photo: canva.com (modified by author)Source: Original
Is Raymond Ackerman still alive?
No, Raymond Ackerman passed away on 6 September 2023 at 92.
He died of old age.
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The late businessman was born on 10 March 1931, and his Zodiac sign was Pisces.
Where was Raymond Ackerman from?
The late businessman was from South Africa, and his nationality was White.
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His grandfather, Meyer, moved to South Africa from Lithuania at the end of the 19th century.
He was born and raised in Cape Town.
He resided in his home country until his demise.
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The late businessman has a sister named Mary.
Gus owned aclothing retail outfitcalled Ackermans Store.
The store was acquired by the Greatermans Group.
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Gus and Elsie raised their children in the Jewish faith.
Raymond was a member of Temple Israel, a progressive synagogue in Cape Town.
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He acquired a Bachelor of Commerce (Accounting) degree from the University of Cape Town.
He used the chance to learn about running a business.
He latersecured a jobin the retail industry, where he researched and analysed new methods offoodretailing imported foods.
He was fired at 35 when his wife was pregnant.
That marked the birth of Pick N Pay Group.
Over time, Pick N Pay Group grew from four small stores to 1,800 stores, including franchise stores.
Today, Pick N Pay Group is among South Africas biggest retailers.
Apart from physical stores, the company offers online retail services.
Pick N Pay clothing offers a variety ofclothing for women, men, and children.
Clothing is offered at the Pick N Pay supermarkets and in stand-alone stores.
The late businessman was recognised as a philanthropist.
The foundation supports a range of community-based projects.
The late businessman authored a couple of books about business.
In 2009, the Pick N Pay founder announced his retirement.
Raymond Ackerman’s net worth
The late businessman’snet worthis about $500 million.
His family is in charge of his massive estate.
Was Raymond Ackerman married?
Yes, the late businessman was married to Wendy Ackerman.
The couple was blessed with four children.
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Raymond Ackerman’s children are Suzanne, Kathryn, Jonathan, and Gareth.
His widow and children are actively involved in running the company.
Although he was wealthy, he lived a simple life and did not allow publicity on his home.
He is survived by his wife and children, who now spin up the company.
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