Pepkor’s R2 billion property deal in South Africa

• Pepkor has sold three distribution centres in South Africa to Badger Properties for R2 billion
• The sale will be used to fund expansion projects and reduce the group's total debt, with the company retaining a 35% minority interest in the properties
• The company expects muted earnings for 2026, with HEPS expected to be between a 1% contraction and 9%