Pepkor to raise capital to support balance sheet
Proceeds will be used to help the group reduce its gearing level and hedge against coronavirus fallout
23 June 2020 - 20:26
Retailer Pepkor plans to raise as much as R2bn to help it strengthen its financial and liquidity position to hedge against the economic pressures brought on by the Covid-19 pandemic.
Pepkor said on Tuesday the proceeds from the capital raise will be used to help it reduce its current gearing level. ..
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