Walmer store's debt hit R10m
By TMG Editor - 20 March 2014
WHILE one man is on trial for allegedly stealing R135000 from a Port Elizabeth Pick n Pay, the defence said new managers did the shop more harm than good when they racked up debt of about R10-million in just a matter of months.
Attorney Ryno Scholtz told the Port Elizabeth Commercial Crimes Court that after his client's dismissal in September 2010, the financial situation under Pick n Pay's new management went from bad to worse.
By November 2010, the store in Heugh Road, Walmer, was forced to shut its doors. A new Pick n Pay has subsequently opened shop in its place - Kathryn Kimberley
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