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South African fruit exporter in liquidation
date:May 23, 2016
sed, requiring a significant injection of capital.

Pick n Pay
Former employee Donald Yates shed some light on the situation: ''The issue is that the profit margins on cut fruit and veg are so low, and the company's overheads were too high. About a month ago we lost some big business from one of the biggest retailers, Pick n Pay. They chose to move their cut fruit business elsewhere and then the sales were just too small to maintain the overheads.''

The company was essentially reliant on Pick a

12/25 01:36