JOHANNESBURG, Jan 30 (Reuters) – Pepkor Holdings (PPHJ.J), owner of South African clothing brands PEP and Ackermans, reported a 6.5% rise in first quarter revenue on Monday, helped by 132 new stores that it opened in the period and the acquisition of Brazilian retailer Avenida.
But its like-for-like sales were hit by power cuts.
Retailers in South Africa have been hit not only by inflationary…
