Sector: Consumer Services
The company is available at Interactive Brokers
Pepkor (JSE:PPH) has the largest retail store footprint in southern Africa. With more than 5 400 stores operating across 11 African countries, Pepkor's businesses include many of the most trusted brands on the continent.
Pepkor gives customers access to value-for-money products and services at the lowest prices, and at their convenience. The group delivers this value by using world-class systems and processes that ensure cost efficiency, as well as product quality. By keeping costs low, Pepkor gives more customers the opportunity to look and feel good.
The group operates 4 retail segments:
Clothing and General Merchandise
The clothing and general merchandise segment includes all clothing, footwear and homeware (CFH) retail brands. Brands include PEP, Ackermans, PEP Africa, Pepkor Specialty, Tekkie Town, Dunns, John Craig, Refinery and Shoe City
Furniture, Appliances and Electronics
The JD Group includes furniture, appliances and electronics brands, some of which have been in business since the beginning of the 20th century. Brands include Russells, Bradlows, Rochester, Sleepmasters, HiFi Corp and Incredible Connection
Building Materials
General and specialised building materials. Brands include BUCO, Timbercity and Tiletoria
FinTech
Pepkor’s FinTech businesses provide products and services to a wide range of customers within and outside the group’s retail brands, in South Africa and internationally. Brands include FLASH and Capfin
Semi-Annual values ($m)
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FCF ($m)
Net Debt / Cash and Equivalents ($m)
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Potential dynamics
Value Capital Partners, chaired by former Brait CEO Antony Ball, recently made further big purchases of Altron shares.
2023-08-31 15:46 +02:00JSE:PPH JSE:TBS JSE:BYI JSE:AVI JSE:TKG JSE:KAP JSE:JSE JSE:ADH JSE:SUI JSE:PPC JSE:BAT JSE:ADR JSE:ISA
Africa’s largest clothing retailer is expanding rapidly in one of its newest segments – the sale of affordable mobile phones.
2022-11-22 15:50 +02:00
It is not yet clear just how extensive the destruction of particularly retail and warehouse property and the looting of stock in the unrest in KwaZulu-Natal and Gauteng was.
2021-07-19 06:08 +02:00JSE:SHP JSE:NED JSE:PPH JSE:CLS JSE:INP JSE:WHL JSE:MRP JSE:SPP JSE:INL JSE:TBS JSE:IPF JSE:MSM JSE:CSB JSE:FBR JSE:MPT JSE:LEW JSE:MST
South African businesses have had to respond to the coronavirus and lockdown restrictions since March. At the same time, the country’s economy is in crisis. Here’s how companies are coping.
2020-09-18 07:20 +02:00JSE:AGL JSE:AMS JSE:FSR JSE:MTN JSE:SBK JSE:VOD JSE:IMP JSE:SSW JSE:ABG JSE:SHP JSE:NED JSE:PPH JSE:AVI JSE:SPG JSE:MSM JSE:SUI
MTN Group and Shoprite are among South African firms facing a backlash to xenophobic violence in their home country.
2019-09-04 11:38 +02:00
Massmart will have to take a long, hard look at its embattled Massdiscounters division to turn the group’s fortunes around, and this should include a rationalisation of its Game and DionWired stores.
2019-08-07 06:33 +02:00JSE:SHP JSE:PPH JSE:MRP JSE:AVI JSE:MSM JSE:MPT JSE:SFN JSE:ISA
The South African rand hit a record low on Tuesday on the back of a strengthening dollar and souring local investor sentiment that has seen massive capital outflows from the country.
2023-05-30
South Africa`s Pepkor Holdings Ltd said on Tuesday it would add 71 stores by the end of the year, bringing the total to 6,000, as it seeks to build market-share even as the country`s power crisis burdens both retailers and consumers.
2023-05-30
South Africa`s Steinhoff has agreed to allocate 20% of the restructured company to shareholders under an updated plan backed by its creditors, it said on Wednesday, as the retail holding group races against time to avoid liquidation.
2023-04-26DURBAN (Reuters) -A devastating flood in South Africa`s eastern coastal province earlier this week has left at least 341 people dead, the government said on Thursday, as rescuers continued to hunt for missing people amid forecasts of yet more rains from Friday.
2022-04-14
Residents of South Africa`s coastal province of KwaZulu-Natal were picking up the pieces on Thursday after one of the worst floods in recent history ravaged the area, killing more than 300 people and displacing hundreds.
2022-04-14JOHANNESBURG (Reuters) -South African President Cyril Ramaphosa pledged on Wednesday to help the victims of devastating east coast floods, as the death toll rose to 306 from heavy rains that washed out roads and disrupted shipping in one of Africa`s busiest ports.
2022-04-13
South African President Cyril Ramaphosa pledged on Wednesday to help the victims of devastating east coast floods, as the death toll rose to 306 from heavy rains that washed out roads and disrupted shipping in one of Africa`s busiest ports.
2022-04-13
South African retailer Steinhoff International has started a series of payouts to shareholders who lost money when its stock plunged after the revealing of accounting fraud in December 2017, it said on Tuesday.
2022-02-15
* Sees potential for significant expansion in Brazil (Adds purchase price, details of deal, analyst)
2022-02-03Spiralling shipping costs and COVID-19 supply chain disruptions are accelerating a shift by South African retailers to end their heavy reliance on Asia and move to source products locally.
2021-11-22
South African retailer Pepkor Holdings on Friday reported a 115.2% jump in annual earnings, rebounding from a low base in 2020 when it was hit by coronavirus lockdown restrictions.
2021-11-19
South African retailer Steinhoff International said on Friday it had gained more approval from claimants for its proposed lawsuit settlement offer to those who lost money when it revealed holes in its accounts in December 2017.
2021-09-10
South African retailer Steinhoff International on Monday said it had gained approval for its proposed lawsuit settlement offer to claimants who lost money when it revealed holes in its accounts in December 2017.
2021-09-06South Africa`s big retailers are working round the clock to replenish shelves with food in hundreds of stores looted this week in some of the country`s worst unrest for years, they said on Friday.
2021-07-16
South Africa-based retailer Steinhoff said its half-year core earnings rose by 7%, as demand for value lines and a focus on home furnishings offset the impact of pandemic restrictions.
2021-06-25
South African retailer Pepkor Holdings said on Wednesday half-year earnings were expected to rise by at least 20%, supported by growth at its discount clothing business and a reduction in net debt and finance costs.
2021-04-28
South African retailer Pepkor Holdings said on Tuesday that sales in its first quarter rose by 7.7% as it continued to acquire market share as cash-strapped shoppers battling job losses turned to its budget outlets.
2021-01-26
South African retailer Steinhoff International Holdings on Friday reported a 6% decline in sales for the nine-months to June 30, due to COVID-19-related trading restrictions imposed worldwide.
2020-08-28
* VEB supports proposed settlement (Adds VEB response, edits)
2020-07-27South Africa`s Steinhoff has proposed to pay around $1 billion to settle outstanding legal claims following a massive accounting fraud, a fraction of the over 9 billion euros ($10.5 billion) claimants are seeking.
2020-07-27
South African clothing and furniture retailer Pepkor Holdings said on Friday sales for its fiscal third quarter ended June 30 slumped 17.2% after its stores were shut for some of the period due to a COVID-19 lockdown.
2020-07-24
South Africa`s Growthpoint Properties said on Monday it had provided rent relief to 1,494 small, medium and micro enterprises (SMMEs) hit by a lockdown to contain the coronavirus pandemic.
2020-05-18
South Africa`s Steinhoff said on Monday Chairwoman Heather Sonn has resigned after it was revealed that she had not made proper disclosures on dealings between an investment firm she has a major stake in and a company associated with the retailer.
2020-05-18
South Africa`s government has published a more detailed list of clothing that can be sold in a first phase of easing its lockdown, giving relief to a clothing industry starved of sales.
2020-05-13
South African retail group Steinhoff reported a 7% rise in sales in its financial first quarter, buoyed by a strong showing from Pepkor Africa and Pepco Group, owner of British discount retailer Poundland.
2020-02-27
South African retailer Pepkor Holdings said on Monday it will exit Zimbabwe after an economic crisis in the country hurt its performance.
2019-11-25
South African retailer Steinhoff, trying to recover from a $7 billion accounting fraud, on Thursday said its sales increased by 4% in the nine months to June 30 thanks to a strong showing from its Pepkor Europe and Pepkor Africa businesses.
2019-08-29
South African retailer Pepkor Holdings on Wednesday said third-quarter revenue rose 12% thanks to Easter sales falling within the quarter this year, but warned the outlook was still volatile as consumer spending remained under pressure.
2019-08-07South African retailer Steinhoff reported a 356 million euros ($401 million) half-year loss from continuing operations on Friday, as the damage from a massive accounting scandal drags on.
2019-07-12
* Steinhoff blames knock-on impact of accounting fraud, advisory fees for losses
2019-07-12
South African retailer Pepkor Holdings Ltd reported a smaller than expected 7% rise in first-half revenue on Wednesday, as cash-strapped shoppers and the shift of Easter to April this year hit demand for clothing and general merchandise.
2019-05-29Former Steinhoff chairman and top shareholder Christo Wiese said on Monday he is open to negotiations over a $4 billion claim against the South African retailer, days after it revealed the scale of a devastating accounting fraud.
2019-03-18
South African retailer Steinhoff said an independent report had found it had overstated profits over several years in a $7.4 billion accounting fraud involving a small group of top executives and outsiders.
2019-03-15
* Investigation found fictitious or irregular transactions totalling 6.5 billion euros
2019-03-15
South African retailer Steinhoff reported a slight rise in quarterly sales on Thursday and said its business was still suffering from the effects of an accounting fraud.
2019-02-28
South Africa`s Johannesburg Stock Exchange (JSE) has fined retailer Pepkor Holdings Ltd for breaching its listing requirements, it said on Monday.
2018-11-26
