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Logistics · On-demand delivery

Pingo Delivery

Last-mile logistics business integrated with Sixty60, moving from a joint venture to full Shoprite group ownership during FY2025.

Published · Last reviewed

Pingo Delivery provides on-demand logistics connected with Sixty60. The Tribunal describes direct collection and delivery of online orders to customers. Pingo is a legal logistics company, not the Checkers retail banner or the ordering platform. [4]

History

The group previously held a 50% shareholding in Pingo. Its 2025 financial statements describe equal board and committee representation and shared substantive rights over relevant activities. A shareholding percentage alone therefore does not fully describe the earlier governance. [2]

Shoprite Checkers received unconditional merger approval on 15 October 2024. The Tribunal’s next-day notice described full ownership and control upon implementation. Later FY2025 disclosures confirmed the remaining 50% was acquired, raising group ownership to 100%. [3][4][5]

A delivery business with an accounting consequence

The 2024 group report linked Pingo’s logistics capability with store-based fulfilment. This connected the delivery network with the retailer’s physical locations rather than replacing the stores. [1]

Following the completed acquisition, the group assumed responsibility for both sale and delivery. Delivery recoveries and subscription income entered merchandise sales, with related delivery costs in cost of sales. The company presentation says prior comparatives were not restated for this change. [6][5]

Frequently asked questions

Was Pingo always wholly owned by the group?

No. The group held 50% before buying the remainder during FY2025. [2][6]

Does 15 October 2024 prove the closing date?

It proves the merger approval date. This page uses later results for evidence that the acquisition completed. [3][6]

Is a separate voting percentage asserted?

No. The record describes the equity acquisition and the disclosed change from joint-venture accounting to subsidiary consolidation. [5]

Key milestones

  1. Merger approved without conditions in case LM077Jul24. [3]

  2. Purchase of the remaining 50% completed during the reporting period. [6]

  3. Results presentation explained consolidation and classification changes. [5]

Related articles

Related institutions

  • Shoprite Holdings — Shoprite is a South African food-retail group whose modern growth story began when an eight-store chain was acquired in 1979. Whitey Basson led the business from that year and built it through organic growth and major acquisitions.
  • Checkers — Retail brand acquired by the Shoprite group in 1991, later connected to Sixty60’s digital ordering and store-based fulfilment.
  • Checkers Sixty60 — Shoprite group on-demand digital commerce platform launched in November 2019, connecting retail orders, store fulfilment and delivery.
  • Shoprite Checkers — Main trading subsidiary of Shoprite Holdings and the acquiring company named in the 2024 Pingo Delivery merger proceedings.

Sources

  1. Shoprite Holdings, Integrated Report 2024, page 35: stores as fulfilment hubs and Pingo logistics. Original source. Accessed 2026-10-20. ↩
  2. Shoprite Holdings, Annual Financial Statements 2025: joint-venture control judgement and subsidiary interests. Original source. Accessed 2026-10-20. ↩
  3. Competition Tribunal, LM077Jul24: unconditional merger order, Shoprite Checkers and Pingo Delivery, 2024-10-15. Original source. Accessed 2026-10-20. ↩
  4. Competition Tribunal, Merger alert, 16 October 2024: Pingo transaction and the delivery platform, 2024-10-16. Original source. Accessed 2026-10-20. ↩
  5. Shoprite Holdings, Interim Results Presentation 2025: Pingo ownership and income-statement classification. Original source. Accessed 2026-10-20. ↩
  6. Shoprite Holdings, Reviewed results for the 52 weeks ended 29 June 2025: Sixty60 sales and completed Pingo acquisition, 2025-09-02. Original source. Accessed 2026-10-20. ↩