Finance and Economic Opportunities
With regard to the Pick n Pay Market Store Project:
(a) What is the (i) total number and (ii) details of stores that have been opened from the inception to date of this project, (b)(i) what are the details of the funding for the project and (ii) how much did each funder contribute towards the project per store, (c) what are the details of the loans that each store owner took during each year of the project phase, (d) what is the total number of stores that were closed down during the course of the project and (e) how much (i) has Pick n Pay generated in revenue and profit through the Pick n Pay Market Store Project and (ii) were the monthly deductions per store?
[a] What is the:
[i] Total number
To date, a total of eight stores have been opened.
Please refer to written reply 8 of Written Question Paper 10 of 2022.
[ii] Details of stores that have been opened from the inception to date of this project
Please refer to written reply 8 of Written Question Paper 10 of 2022.
[b][i] What are the details of the funding for the project?
Please refer to written reply 8 of Written Question Paper 10 of 2022.
- How much did each funder contribute towards the project per store?
1. Nozinga’s Market
|
FUNDER |
AMOUNT |
NATURE OF FUNDING |
|
DEDAT |
R249 999, 60 |
Grant |
|
Brimstone |
R1 250 000,00 |
Loan |
|
Masisizane |
R767 475,49 |
Loan |
|
Old Mutual |
R189 207,68 |
Loan |
|
Pick n Pay |
R 712 626.00 |
Grant |
2. Ndwamba Market
|
FUNDER |
AMOUNT |
NATURE OF FUNDING |
|
DEDAT |
R241 957, 83 |
Grant |
|
DEDAT |
R121 000, 00 |
Grant |
|
Brimstone |
R 1 300 000,00 |
Loan |
|
Masisizane |
R 838 963,00 |
Loan |
|
Old Mutual |
R189 208,00 |
Loan |
|
Pick n Pay |
R 1 382 045,67 |
Grant |
3. Something Nice
|
FUNDER |
AMOUNT |
NATURE OF FUNDING |
|
DEDAT |
R241 957, 83 |
Grant |
|
DEDAT |
R121 000, 00 |
Grant |
|
Pick n Pay |
R 267 681.00 |
Grant |
|
Masisizane |
R 1 618 239.24 |
Loan |
|
NEF |
R 1 242 169.68 |
Loan |
4. Mbekweni Market
|
FUNDER |
AMOUNT |
NATURE OF FUNDING |
|
DEDAT |
R500 000, 00 |
Grant |
|
DEDAT / NEF |
R150 000, 00 |
Grant |
|
Pick n Pay |
R 974 495.00 |
Grant |
|
SEFA |
R 3 801 787.50 |
Loan |
5. Thembi’s Market
|
FUNDER |
AMOUNT |
NATURE OF FUNDING |
|
DEDAT |
R500 000, 00 |
Grant |
|
DEDAT / NEF |
R250 000, 00 |
Grant |
|
Pick n Pay |
R 1 715 123.81+ |
Grant |
|
Pick n Pay |
R 1 715 123.81 |
Loan |
6. Nabe Market
|
FUNDER |
AMOUNT |
NATURE OF FUNDING |
|
DEDAT |
R500 000, 00 |
Grant |
|
Pick n Pay |
R 575 336.00 |
Grant |
|
SEFA |
R4 680 470.08 |
Loan |
7. Luzukile Market
|
FUNDER |
AMOUNT |
NATURE OF FUNDING |
|
DEDAT |
R500 000, 00 |
Grant |
|
Pick n Pay |
R 602 389.35 |
Grant |
|
Nedbank |
R1 679 610,00 |
Loan |
|
Nedbank Mogale Trust |
R2 519 415,00 |
Loan |
8. Wabo’s Market
|
FUNDER |
AMOUNT |
NATURE OF FUNDING |
|
DEDAT |
R500 000, 00 |
Grant |
|
Pick n Pay |
R 791 952.32 |
Grant |
|
Nedbank |
R 5 163 587 |
Loan |
[c] What are the details of the loans that each store owner took during each year of the project phase?
Due consideration should be given to the Protection of Personal Information Act in the dissemination of this type of information. It is recommended that this request be made to Pick n Pay directly.
[d] What is the total number of stores that were closed down during the course of the project?
Please refer to written reply 8 of Written Question Paper 10 of 2022.
[e] How much [i] has Pick n Pay generated in revenue and profit through the Pick n Pay Market Store Project?
Due consideration should be given to the Protection of Personal Information Act in the dissemination of this type of information. It is recommended that this request be made to Pick n Pay directly.
[ii] Were the monthly deductions per store?
Due consideration should be given to the Protection of Personal Information Act in the dissemination of this type of information. It is recommended that this request be made to Pick n Pay directly.
