We've got news for you.

Register on BusinessLIVE at no cost to receive newsletters, read exclusive articles & more.
Register now

Pepkor, the owner of Ackermans and Pep, is the third retailer to highlight how nonpayment of the R350 social relief of distress grant in April and May hit earnings, until its resumption in July led to an uptick in sales. 

Both Mr Price and TFG this week blamed nonpayment of the grant for sales slumps in April and May, with all three retailers noting that sales rose in July after recipients had received their grants again. ..

BL Premium

This article is reserved for our subscribers.

A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and Sunday Times Daily.

Already subscribed? Simply sign in below.

Questions or problems? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now

Would you like to comment on this article?
Register (it's quick and free) or sign in now.

Speech Bubbles

Please read our Comment Policy before commenting.

Commenting is subject to our house rules.