The group now sells seven-and-a-half out of every 10 prepaid smartphones in SA, it says.
Pepkor has reported progress in driving digital inclusion across SA with affordable mobile technology.
Pepkor is a South African-based investment and holding company focused on the discount and value consumer retail and fintech markets. The majority of operations are in SA, extending to other African countries and Brazil.Pieter Erasmus, CEO of Pepkor, says the group’s strategy of offering value-driven, accessible products, while broadening its reach into key growth areas, has produced tangible results, supported by strategic decisions and disciplined execution.
The results show Pepkor also reported progress in driving digital inclusion across SA, providing affordable mobile technology. It explains that FoneYam, which provides smartphones on a rental basis, reached one million customers and now exceeds 120 000 monthly activations, bolstering Pepkor's aim to bring connectivity to underserved markets.
It reported a gross profit margin improvement of 190 basis points, rising to 38.3%, underscoring Pepkor's capability to grow profitably without relying on additional discounting.
PEP Ackermans Pieter Erasmus Mobile Handsets Tekkie Town Fintech Foneyam Mobile Phone Rental
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.
Novus offers to buy ICT distributor MustekThe firm tables R13 for each Mustek share; R7 plus one ordinary share in Novus for each Mustek share; and two Novus shares for each Mustek share.
Read more »
Fans Go Wild as Chelsea and West Ham Women Stars Share Heartwarming Pregnancy NewsChelsea Women star Sam Kerr and her partner Kristie Mewis, who plays for West Ham Women, announced they are expecting a baby, with fans reacting to the news.
Read more »
Win your share of R1 million in flight vouchers with FlySafairFlySafair, South Africa’s leading low-cost airline, is giving travellers the ultimate opportunity to take to the skies in 2025 with R1 million in flight vouchers up for grabs.
Read more »
Scientists Share Surprising Theories About Which Species Would “Rebuild Civilisation” If Humans Get Wiped OutSouth African and global news updates with a twist. 2oceansvibe is South Africa’s biggest solely owned online news platform with local and world news updates.
Read more »
“I Dumped Him Printed Divorce Papers”: Women Share Dramatic Things They Have Done in Their MarriagesA wife opened a platform for other married women to share some of the craziest and most dramatic things they've done in their marriages amid an argument.
Read more »
Find My update allows AirTag users to share item locationsApple has added a Share Item Location feature in iOS 18.2 to share the location of a lost AirTag for a limited time.
Read more »