STAR raises R18bn; repays parent Steinhoff R16bn
Steinhoff Africa Retail, the owner of iconic South African retail brands such as Pep and Ackermans, has successfully raised R18 billion in funding from South African financial institutions.
Pep stores
STAR: a must-own African retail story
STAR, the latest chapter in Pepkor’s story, is a diversified, multi-format retailer of significant size and scale, which has the largest retail footprint in Africa.
Steinhoff, Shoprite merger called off; shares surge
Shoprite and Steinhoff announced that they will no longer pursue their proposed merger, as the parties involved could not reach agreement on the share exchange ratio.