Pepkor rallies as fintech boom and acquisitions fuel almost R30bn in sales

$PPK rallies on strong sales growth! Fintech boom & new acquisitions fuel R30bn in sales. Core retail shines!
#Pepkor #JSE #FintechGrowth

http://zip1.io/KhmNSm

Is the Pepkor / OK Furniture deal a threat to competition, or exactly what the South African economy needs to survive? 🇿🇦🛋️

Read the full contrarian take here:
ideaaccelerator.co.za/the-scale-or...

#Pepkor #Shoprite #SouthAfrica #Business #CompetitionCommission #EconomyOfScale

SA Competition Commission Greenlights Pepkor's R1.9b Fashion Brands Acquisition [Namibian] Johannesburg Stock Exchange-listed retail giant Pepkor has received the greenlight from South Africa's Competition Commission (CompCom) to acquire five retail store brands - Legit, Style, Boardmans, Swagga, and Beaver Canoe - from the unlisted Durban-based group Retailability.

#Pepkor #RetailIndustry #FashionBrands #Acquisition #SouthAfrica

Shoprite classifies furniture segment as discontinued Shoprite Holdings has given an update on the sale of furniture business to Pepkor. The group signed an agreement on 2 September 2024 to dispose of the furniture business including the OK Furniture and House and Home brands to Pepkor in order to ensure the long-term sustainability of this business.  The proposed transaction was approved by all relevant authorities in the applicable non-South African territories, and a positive recommendation was made by the South African Competition Commission to the South African Competition Tribunal.  Following the South African Competition Tribunal’s granting of an application to intervene as a participant in the matter by Lewis Stores (Pty) Ltd., the proposed transaction has been delayed. Pepkor and Shoprite have noted their appeal decision with the Competition Appeal Court.  The group considers it highly probable that these operations will be disposed of and per its first half period disclosure, they remain classified as discontinued operations.  For the 12 months ended 29 June 2025, Shoprite Holdings increased sale of merchandise from continuing operations by 8.9%, measuring approximately N$252.7 billion. This growth was achieved against the group’s restated N$232.1 billion sales from continuing operations for the 12 months ended 30 June 2024. The group’s core business, Supermarkets RSA, achieved sales growth of 9.5%, extending its unbroken market share gains to now its 5th consecutive year. As a segment it contributes 84.5% to group sales.  Checkers and Checkers Hyper, inclusive of Checkers LiquorShop, reported sales growth of 13.8%. Shoprite and Usave, inclusive of Shoprite LiquorShop, reported sales growth of 5.9%. In terms of new store openings, its core RSA operations opened 194 main banner supermarkets this year  With regards to the group’s Mozambique and Angola, the decision was taken to close Mozambique furniture and sell Angola furniture.  Its operations in Malawi and Ghana have been classified as discontinued operations. Shoprite Malawi signed a sale of assets agreement on 6 June to dispose of the assets used in relation to its operations, which consists of five trading stores. The agreement is pending the fulfilment of conditions precedent to be met during October 2025, including approval from the Competition and Fair Trading Commission as well as the Reserve Bank of Malawi.  The group received a binding offer during June to dispose of the assets and liabilities in relation to the operations in Ghana, which consists of seven trading stores and one warehouse. The sale is deemed highly probable, and the operations have therefore been classified as discontinued.  -Johannesburg Stock Exchange

#Shoprite #Pepkor #FurnitureBusiness #SouthAfrica #BusinessNews

Click Subscribe #Ibex #Pepkor #StockMarket #Investing #Restructuring

Graduate Internship Opportunity in Cape Town | Submit Your Application by 20 June 2025 Are you ready to kickstart your career with a trusted brand? Pepkor is offering a Graduate Internship in Cape Town that's designed for future business leaders. If you have recently completed your degree and want real experience in the professional field, this could be your next step. This opportunity helps you learn how companies work and grow your career. This internship is open to graduates with a…

Pepkor Graduate Internship

Location- Cape Town
Closing Date- 20 June 2025

Get job updates on Telegram: https://t.me/cozavacancies
Join our Whatsapp for latest jobs: https://whatsapp.com/channel/0029VaYTlDfFi8xUdQNvpA3Y

#Pepkor Cape Town,
#Pepkor Cape Town programme,
#Pepkor graduate program,
#C

Pepkor Vacancies Now Hiring in Soweto | Apply by 06 June 2025 Pepkor Vacancies are now open for a Branch Manager role in Soweto. This is your chance to lead a well-known effects store in South Africa. If you enjoy guiding teams and improving store performance, this role is a great fit. At Pepkor, you'll manage daily operations and boost customer satisfaction. Your leadership will shape team success and store growth every day.

Pepkor Vacancies

Location- Soweto
Closing Date- 06 June 2025

Get job updates on Telegram: https://t.me/cozavacancies
Join our Whatsapp for latest jobs: https://whatsapp.com/channel/0029VaYTlDfFi8xUdQNvpA3Y

#Pepkor vacancies, #Pepkor jobs, #Pepkor career, #Pepkor recruitment, #Vacancies in Pepkor,

Original post on ghostmail.co.za

Who’s doing what this week in the South African M&A space? Weekly summary of Merger & A […]

[Original post on ghostmail.co.za]

SARB blocks Pepkor share trade: ‘It’s stuck in the Steinhoff nightmare’ - Rob Rose The South African Reserve Bank has blocked the trade of R12.5 billion worth of Pepkor shares amid its investigation into Steinhoff.

“The dealings in #Steinhoff at the time, including the purchase of #Pepkor, might have involved various rules being broken including the exchange control regulations.”

- Rob Rose, Author - Steinheist: #MarkusJooste, Steinhoff & SA's Biggest Corporate Fraud #TheMoneyShow

SARB blocks Pepkor share trade: ‘It’s stuck in the Steinhoff nightmare’ - Rob Rose The South African Reserve Bank has blocked the trade of R12.5 billion worth of Pepkor shares amid its investigation into Steinhoff.

“The dealings in #Steinhoff at the time, including the purchase of #Pepkor, might have involved various rules being broken including the exchange control regulations.”

- Rob Rose, Author - Steinheist: #MarkusJooste, Steinhoff & SA's Biggest Corporate Fraud #TheMoneyShow