Tag: Pepkor

Pep’s new bank PlusB to cost $62 million as Africa fintech race heats up
BusinessTechnology

Pep’s new bank PlusB to cost $62 million as Africa fintech race heats up

Pepkor targets $62 million digital bank launch as it prepares PlusB entry into South Africa’s fintech sector by 2027.

Oluwatosin Alao Oluwatosin Alao
Pepkor to launch bank in South Africa as retail finance race heats up
BusinessTechnology

Pepkor to launch bank in South Africa as retail finance race heats up

South African retailer Pepkor is preparing to enter the country’s banking industry, adding to a growing shift by retailers toward financial services as they look for steadier income and closer ties with customers.  The company, which owns clothing chains PEP and Ackermans, plans to launch its bank in April 2027. Pepkor said the business will combine digital banking with in-store…

Oluwatosin Alao Oluwatosin Alao
Hot NewsBusiness

Pepkor CEO Pieter Erasmus sells $33M in shares as retail giant hits 6,000 stores

South African Pepkor CEO Pieter Erasmus sold $33 million in shares as the retail group surpasses 6,000 stores.

Omokolade Ajayi Omokolade Ajayi