{"id":785168,"date":"2024-08-01T10:34:49","date_gmt":"2024-08-01T08:34:49","guid":{"rendered":"https:\/\/businesstech.co.za\/news\/?p=785168"},"modified":"2024-08-01T10:34:57","modified_gmt":"2024-08-01T08:34:57","slug":"discovery-vitality-dumps-pick-n-pay","status":"publish","type":"post","link":"https:\/\/businesstech.co.za\/news\/business\/785168\/discovery-vitality-dumps-pick-n-pay\/","title":{"rendered":"Discovery Vitality dumps Pick n Pay"},"content":{"rendered":"\n<p>Discovery Vitality will no longer partner with Pick n Pay for its HealthyFood benefit. <\/p>\n\n\n\n<p>Instead, customers will get the HealthyFood benefit when shopping from Checkers and Checkers Sixty60 from 1 September 2024. <\/p>\n\n\n\n<p>Discovery said that Woolworths and Woolies Dash remain partners for the program.<\/p>\n\n\n\n<p>&#8220;The new HealthyFood benefit will enable you to get rewarded at Checkers and Woolworths for in-store purchases, Checkers Sixty60 and Woolworths online, and the Woolies app and Woolies Dash for online shopping,&#8221; said Discovery. <\/p>\n\n\n\n<p>&#8220;These HealthyFood rewards will be paid in Discovery Miles, our rewards currency that is more valuable than cash.&nbsp;Watch out for communication in September with more information. You don\u2019t need to do anything right now.&#8221; <\/p>\n\n\n\n<p>&#8220;You\u2019ll continue to earn rewards on items you purchase at Pick n Pay and Pick n Pay ASAP until 31 August 2024\u2014those rewards will be paid to you in September.&#8221; <\/p>\n\n\n\n<p>Customers can also spend their Discovery Miles at Pick n Pay by choosing them as a reward option in the Vitality Mall. <\/p>\n\n\n\n<p class=\"has-medium-font-size\"><strong>Another blow for Pick n Pay <\/strong><\/p>\n\n\n\n<p>The Discovery announcement comes amidst Pick n Pay&#8217;s well-documented challenges while its competitor, Shoprite, the owner of Checkers, soars ahead. <\/p>\n\n\n\n<p>For the year ended 25 February, Pick n Pay recorded a R3 billion loss on the back of the poor performance of its Pick n Pay grocery stores.<\/p>\n\n\n\n<p>As part of a turnaround plan, Pick n Pay is currently undergoing a Rights Offer to raise R4.0 billion. <\/p>\n\n\n\n<p>The R4 billion rights offer is expected to be followed by listing shares in the Boxer business towards the end of 2024.<\/p>\n\n\n\n<p>Boxer was one of the bright sparks for the business, with it generating R1.9 billion in trading profit. <\/p>\n\n\n\n<p>The two-step capital raise stabilises the group&#8217;s balance sheet, strengthens liquidity, and unlocks shareholder value. <\/p>\n\n\n\n<figure class=\"wp-block-embed is-type-wp-embed is-provider-businesstech wp-block-embed-businesstech\"><div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"wp-embedded-content\" data-secret=\"ZqnDDkWwok\"><a href=\"https:\/\/businesstech.co.za\/news\/business\/782492\/pick-n-pay-dangles-r108-million-carrot-for-ceo\/\">Pick n Pay dangles R108 million carrot for CEO<\/a><\/blockquote><iframe loading=\"lazy\" class=\"wp-embedded-content\" sandbox=\"allow-scripts\" security=\"restricted\" style=\"position: absolute; clip: rect(1px, 1px, 1px, 1px);\" title=\"&#8220;Pick n Pay dangles R108 million carrot for CEO&#8221; &#8212; BusinessTech\" src=\"https:\/\/businesstech.co.za\/news\/business\/782492\/pick-n-pay-dangles-r108-million-carrot-for-ceo\/embed\/#?secret=TQCYXCBOyE#?secret=ZqnDDkWwok\" data-secret=\"ZqnDDkWwok\" width=\"500\" height=\"282\" frameborder=\"0\" marginwidth=\"0\" marginheight=\"0\" scrolling=\"no\"><\/iframe>\n<\/div><\/figure>\n\n\n\n<p><a href=\"https:\/\/businesstech.co.za\/news\/business\/784831\/r1-5-million-a-day-relief-for-south-africas-biggest-retailer\/\">Shoprite<\/a>, on the other hand, saw its total merchandise sales increase by 12.0% to roughly R240.7 billion for the 52 weeks ended 30 June 2024<\/p>\n\n\n\n<p>The group\u2019s core business, Supermarkets RSA, saw sales growth of 12.3%, contributing 81.0% to group sales. This followed a sales increase of 17.8% in the prior year.<\/p>\n\n\n\n<p>Checkers and Checkers Hyper reported sales growth of 12.3%, while online sales from Checkers Sixty60\u2019s on-demand platform increased by 58.1%. <\/p>\n\n\n\n<p>Checkers&#8217;s strong growth means that it has overtaken Pick n Pay in revenue for the first time over the last financial year. <\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-full is-resized\"><a  data-lightbox=\"post-image\" href=\"https:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2024\/08\/image.png\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"476\" src=\"https:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2024\/08\/image.png\" alt=\"\" class=\"wp-image-785170\" style=\"width:839px;height:auto\" srcset=\"https:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2024\/08\/image.png 1024w, https:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2024\/08\/image-300x139.png 300w, https:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2024\/08\/image-768x357.png 768w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/a><figcaption class=\"wp-element-caption\">Source: <a href=\"https:\/\/dailyinvestor.com\/retail\/59504\/checkers-crushes-pick-n-pay\/\">Daily Investor<\/a><\/figcaption><\/figure><\/div>\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<p><strong>Read<\/strong>: <a href=\"https:\/\/businesstech.co.za\/news\/government\/785126\/ramaphosa-signs-new-police-laws-for-south-africa\/\"><\/a><a href=\"https:\/\/businesstech.co.za\/news\/lifestyle\/785142\/takealot-expands-1-hour-delivery-service-these-are-the-new-areas\/\">Takealot expands 1-hour delivery service \u2013 these are the new areas<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Discovery Vitality customers will no longer be able to enjoy the HealthyFood benefit with Pick n Pay, but its biggest competitor has been added. <\/p>\n","protected":false},"author":95,"featured_media":646263,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9872],"tags":[5223,4883,26,949],"class_list":["post-785168","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-checkers","tag-discovery","tag-headline","tag-woolworths"],"_links":{"self":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/785168","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/users\/95"}],"replies":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/comments?post=785168"}],"version-history":[{"count":4,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/785168\/revisions"}],"predecessor-version":[{"id":785181,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/785168\/revisions\/785181"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media\/646263"}],"wp:attachment":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media?parent=785168"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/categories?post=785168"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/tags?post=785168"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}