Pepkor Holdings, which is trading under a new guise after changing its name from Steinhoff Africa Retail earlier in August, said on Tuesday the troubles its parent were experiencing had not prevented it from growing sales or investing in new stores. Pepkor said it grew revenues by 13.8% to R48.9bn in the nine months ended June. Shares in the company, majority owned by Steinhoff International, gained 2.1% to close at R17.05 on Tuesday. But the company’s shares have yet to recover from the sell-off that ensued after Steinhoff warned the market of accounting irregularities in early December 2017. Prior to that announcement, Pepkor’s shares were trading above R25. Pepkor said in a statement that on a comparable basis, whereby the pre-acquisition contributions from Tekkie Town and Building Supply Group were added in, group revenues in the nine-month period rose 9.2%. The Pep and Ackermans brands together contributed merchandise sales growth of 7.7% and like-for-like growth of 2.7%. Retai...
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