SA firm expands local retail footprint
Thursday, January 15, 2015
Steinhoff, which already owns Supreme Furnishers, HiFi-Corporation, Incredible Connections and Timber City in Botswana, has applied to the Competition Authority seeking the greenlight to acquire a majority stake in Pepkor Holdings. Pepkor owns Pep Stores, Ackermans, Dunns and Shoe City in Botswana.
According to a statement from the Competition Authority the proposed transaction involves Steinhoff International Holdings Limited acquiring 92.34% shares in Pepkor Holdings. “Steinhoff International Holdings Limited is a public company listed on the Johannesburg Stock Exchange (JSE).
The recent disclosure by the IEC that 2,513 registrations have been turned down due to various irregularities should prompt all Batswana to meticulously review the voters' rolls and address concerns about rejected registrations.The disparities flagged by the IEC are troubling and emphasise the significance of rigorous voter registration processes.Out of the rejected registrations, 29 individuals were disqualified due to non-existent Omang...