Death – Obituary News : South African business icon, Raymond Ackerman, has passed away. Olthaver & List chairman, Sven Thieme, spoke about Ackerman’s death in an interview with Gary on The Business Report. The news of his passing has left a void in the business world.
— The Business Report (@TBRonNOVA1035) September 8, 2023
Raymond Ackerman, the renowned South African business icon, has passed away at the age of 95. His demise has left a void in the business world, where he was known for his exceptional entrepreneurial skills and philanthropic efforts.
Born on 10 March 1921 in Cape Town, Ackerman grew up in a modest household. He completed his education at the University of Cape Town and began his career in the retail industry. In 1967, he took over the struggling Pick n Pay supermarket chain and transformed it into one of the largest retail chains in South Africa.
Ackerman’s visionary leadership and customer-centric approach revolutionized the retail landscape in the country. Under his guidance, Pick n Pay introduced various innovative concepts, such as self-service supermarkets and loyalty programs, which set new industry standards.
Beyond his business acumen, Ackerman was also a dedicated philanthropist. He established the Ackerman Family Educational Trust, which supports education initiatives across South Africa, providing scholarships and resources to underprivileged students. His commitment to education earned him numerous accolades and recognition throughout his life.
Ackerman’s legacy extends far beyond his business achievements. He was a mentor and role model for aspiring entrepreneurs, inspiring many to pursue their dreams and make a positive impact on society. His emphasis on ethical business practices and corporate social responsibility set an example for future generations.
The news of Raymond Ackerman’s passing has been met with an outpouring of tributes from business leaders, government officials, and the public alike. His contributions to the South African business landscape and his unwavering dedication to philanthropy will be remembered for years to come. As the nation mourns the loss of this remarkable icon, his legacy will continue to inspire and guide generations to come..