Ackerman, Rupert in top family business list
Johannesburg - Two leaders of South African family
businesses have made an international list of the top 50 leading family-led
companies, according to a report on Wednesday.
Chairperson of Pick n Pay Stores [JSE:PIK] Gareth Ackerman
and CEO of Richemont [JSE:CFR] Johann Rupert were on the list compiled by
Campden FB/Ernst & Young, Business Report said.
They were selected from over 200 business leaders worldwide
based on how crucial they had been to the successful running of the business in
the past five years.
Criteria also included how much they had contributed to the
profitability of the business, that the family controlled at least 25% of the
company's decision-making rights, and that the family in control was at least
in its second generation.