Pick n Pay

Winner: Best Working Capital Funding Solution
Highly Commended:  Best Use of Supply Chain Finance
Highly Commended: Best ESG Working Capital Initiative

Key Facts

  • More than 300 suppliers active on programme to date
  • ‘Fast Pay’ SCF programme aims to give suppliers access to capital within 24 hours
  • Over 15 billion rand ($1bn) has been freed up for suppliers to date
  • Strong focus on supporting small new businesses and entrepreneurs

What the judges said

“The programme is of great relevance to the region and combines objectives of own working capital improvement with the support of SME suppliers. Considering its size and relevance, the group and its partners has managed to establish an automated and yet flexible solution.”

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