The Applicant applies for an exemption from the requirement to appoint a social and ethics committee on the basis that the Applicant is a holding company only and has no material operating activities. The overall responsibility for the Pick’n Pay Group lies with Pick’n Pay Stores Limited 1968/008034/06, (Stores) a subsidiary of Applicant. Stores formed a social and ethics committee. It is felt that this performs the functions required by the requirement on behalf of the Pick’n Pay Group.
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