Steinhoff Africa Retail (SRR) – Back to Pepkor

We analyse the impact of bringing SRR’s two currently outsourced loan books in-house – Capfin and JD, compared to growing it organically.

With the stronger ZAR during 1H18, Pep and Ackermans experienced deflationary prices as they passed these on to their customers. By way of a pricing analysis, we assess the potential of SRR increasing prices while still remaining competitive.

We compare the corporate and withholding tax rates across the African countries in which they operate to assess the sustainable tax rate for the business.