Pepkor Holdings Limited, a stalwart in the Southern African retail landscape, is set to make its mark on the A2X Markets as it gears up for a secondary listing on 2 April 2024.
- This move looks to underscore the company’s strategic vision to enhance accessibility for investors and amplify its presence in the market.
- With an extensive footprint spanning 5’900 stores across nine African nations and Brazil, Pepkor Holdings commands a significant position in the retail sector.
- Boasting a portfolio of renowned brands such as Ackermans, PEP, Russells, and HiFi Corp, Pepkor has cultivated a legacy of delivering quality products at competitive prices, catering to diverse consumer needs for over a century.
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The decision to pursue a secondary listing on A2X will not impact Pepkor’s primary listing on the Johannesburg Stock Exchange (JSE), ensuring continuity and stability for existing shareholders while broadening its investor base.
Joining the ranks of other retailers like Dis-Chem, Mr Price, and Clicks on A2X, the exchange’s CEO, Kevin Brady, expressed enthusiasm about Pepkor’s listing, highlighting the mutual advantages it presents for the company and its stakeholders.
The listing of Pepkor on A2X adds to the exchange’s growing roster of 181 instruments, contributing to a combined market capitalization of approximately R9.1-trillion. Notable companies such as Absa, Naspers, and Standard Bank have already leveraged A2X’s platform.
Since its inception in 2017, A2X has emerged as a formidable player in South Africa’s financial ecosystem, fostering competition amongst other things.
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