Pepkor Shareholder Raises $1.5 Billion From Sale of Stake

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By Mpho Hlakudi

July 22, 2025 at 2:39 AM EDT

Updated on

July 22, 2025 at 4:38 AM EDT

Ibex Investment Holdings Ltd., formerly known as Steinhoff International Holdings NV, raised 26.6 billion rand ($1.5 billion) by selling its entire stake in Africa’s largest clothing retailer, Pepkor Holdings Ltd.

Pepkor’s shares gained as much as 3.8% and traded 1% stronger by 10:28 a.m. in Johannesburg.