Pepkor update shows weak economy and damage to 10% of stores

Pepkor, the owner of Incredible Connection and Shoe City, is bracing itself for a constrained retail environment, blaming the effect of Covid-19 and the recent civil unrest for the state of the economy.

On Friday, the company reported strong trade in May followed by weak sales in June and fewer sales on credit, which is an indication that retailers continue to struggle in the weak SA economy...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.

South Africa Latest News, South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Norway marks 10 years since Anders Breivik murdered 77 peopleBreivik detonated a car bomb outside the prime minister's office in Oslo, killing eight, before driving to Utoeya island and shooting 69 people at a Labour Party youth camp
Source: BDliveSA - 🏆 12. / 63 Read more »

Sweden end US unbeaten run, Dutch put 10 past ZambiaWorld champions the United States were dealt a 3-0 drubbing by Sweden to end a 30-month unbeaten run, and the Netherlands put 10 goals past a hapless Zambia on a day of drama as the Olympics women's soccer tournament kicked off. Tears😭grips my heart knowing how hard I've struggled to find a legit Bitcoin trader. I never wanted to do this but I'll be guilty if I don't share this good news Ethans_Rolands
Source: SowetanLIVE - 🏆 13. / 63 Read more »

WATCH | Minister Khumbudzo Ntshavheni briefs mediaActing Minister in the Presidency, Khumbudzo Ntshavheni, provides updates on government interventions to rebuild the economy.
Source: eNCA - 🏆 49. / 51 Read more »

Pick n Pay CEO urges govt to lift alcohol ban to help sustain businessesICYMI: CEO Pieter Boone has been visiting damaged stores, warehouses and distribution centres in KwaZulu-Natal and Gauteng this week. Tears grips my heart knowing how hard I’ve struggled to find a legit trader. I never wanted to do this but I’ll be guilty if I don’t share this good news to people shantelll_142 is the best trader so far.Thanks for helping me and i will forever be grateful to you shantelll_142 I saw several people testifying of making so much money with the help of shantelll_142 on Bitcoin option trade and I decided to give a try and now I'm glad now she helped me and my colleagues to make R40,000 in one week, thank you for transparency and trust. Tears grips my heart knowing how hard I’ve struggled to find a legit trader.I never wanted to do this but I’ll be guilty if I don’t share this good news to people sharon_trad is the best trader so far Thanks for helping me and i will forever be grateful to you sharon_trad
Source: ewnupdates - 🏆 30. / 53 Read more »

'The destruction is heartbreaking': Pick n Pay CEO on lootingAs supermarket teams try to repair and restock their damaged stores, Pick n Pay Group CEO Pieter Boone on Thursday urged the government to reopen liquor sales to help sustain their businesses. Bayakhuluma ke manje, EY abuvulwe Why was alocohol banned? 50 marks. Your first 10 marks is incompetent government.
Source: TimesLIVE - 🏆 28. / 59 Read more »