Steinhoff - comment

Despite the floods, Pepkor's FY22 financials through September were expected to look good compared to 2021 with riots and lockdowns. The South African conglomerate continues to post strong growth in its core business Apparel, led by Ackerman and Pep. Its DIY chain, which could not be sold on competition grounds also posts strong growth, as does the new Brazilian acquisition. The share price is back where it started the year. Which other retailer can show that? Not even Pepco can.