Pep sells 7.5 out of every 10 prepaid smartphones sold in South Africa.
Pep owner Pepkor Holdings has released its reviewed annual results for the year ended 30 September 2024, revealing that the retailer sold 11.5 million cellular handsets during the financial year.
“Smartphones contributed 60% to handset sales and the active SIM card base, underpinning ongoing revenue, increased to 29 million,” stated Pepkor. “The FoneYam cellular rental book amounts to R932 million with an initial provision level of 20%,” said Pepkor. “FoneYam, the newly developed cellular handset rental product designed to make smartphones affordable for customers, was rolled out to 1,000 stores by the end of March 2024,” said Pepkor.Therefore, between the end of March and the end of September 2024, FoneYam’s rental book grew by roughly R674 million.
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.
Blood bank launches summer campaign to raise donor numbersThe South African National Blood Service urges South Africans to become regular blood donors.
Read more »
‘Cocktail of Pep Guardiola and Luis Enrique’: Barcelona’s Secret to Walloping Real MadridFC Barcelona beat arch-rivals Real Madrid at the Santiago Bernabeu in ruthless fashion in the first instalment of the El Clasico in the 2024/25 season.
Read more »
African Leaders Launch African School of Governance InitiativeThe African School of Governance - an initiative founded by H.E. Paul Kagame, President of Rwanda and H.E.
Read more »
South African app-based networks rocking against Vodacom and MTNMobile virtual network operator prices in South Africa show how smaller companies can use Vodacom and MTN’s networks to compete against them.
Read more »
GBV: At least 7 million South African women have experienced physical violenceGBV: A total of 33.1% of all women aged 18 years and older are vulnerable to physical violence in their lifetime.
Read more »
Mzansi medical student leaves South African ladies swooningA young medical student, Tshepo Maise has gone viral for his charm and inspiring journey through medical school.
Read more »