STOCKWATCH: Pepkor share price hits record high, with valuation now above R100bn
Acquisition of Choice Clothing has given the retail giant a big boost
17 December 2024 - 13:04
Pepkor Holdings’ share price hit an intraday record high of R29.61 briefly when the markets opened on Tuesday, pushing the group’s market capitalisation to R108bn, and solidifying its position as one of SA’s retail heavyweights.
The group’s share price gained 56% over the past six months and it is up more than 47% so far this year.. Its biggest rivals, Mr Price and TFG have also had good years, with their market caps now at R75bn and R57bn, respectively. ..
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.