Pepkor reports subdued revenue growth as it battles riot fallout
27 January 2022 - 09:30
Pepkor, owner of Pep, Ackermans and Incredible Connection, says revenue grew 1.3% to R22.8bn in its first quarter to end-December, with 99 of its stores that were hit by civil unrest in July still not back in operation.
The group had started the period with 161 stores closed as a result of the July riots, and said in a trading update on Thursday it had reopened 82% of the 549 stores hit by looting and vandalism, which represented about 10% of its store base...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.