Silverpoint Capital took an 8.51 stake in Pepkor, investing 470 million in its first reported holding in the company.
Africas PIC raised its Pepkor stake to 15.46, investing 31.11 million and bringing total exposure to 874.34 million.
Ibex exited its 28.48 holding, opening room for new investors and reshaping Pepkors shareholder base and governance structure.
US-based hedge fund Silverpoint Capital has taken a sizable stake in Pepkor Holdings Ltd., the South African retail giant backed by billionaire Christo Wiese. The move comes just four days after Africas largest asset manager, the Public Investment Corporation PIC, increased its own holdings in the company, signaling renewed interest from heavyweight investors.
In a notice released on July 28 , Pepkor confirmed that Silverpoint had acquired an 8.51 percent stakeits first publicly disclosed position in the retailervalued at R8.41 billion 470.4 million. The Connecticut-based firm, which manages around 39 billion in assets, notified both Pepkor and South Africas Takeover Regulation Panel in line with regulatory requirements.
Institutional recalibration after Ibex exitSilverpoints entry comes amid a broader institutional reshuffling. Just four days earlier, on July 24 , PIC revealed it had raised its stake in Pepkor by 0.55 percentage points from 14.9 percent to 15.46 percent via a R548.35 million 31.11 million share purchase, bringing its total investment to R15.41 billion 874.34 million.
The twin moves come after Ibex Investment Holdingsformerly Steinhoff Internationalcut its holding from 28.48 percent to 0.19 percent via a R28-billion 1.6 billion accelerated bookbuild , clearing the way for new investors and shifting Pepkors governance landscape.
Backing the bullish sentiment, Pepkor posted a 23.4 percent rise in net profit to R3.05 billion 172.66 million for the half-year to March 2025, with revenue up 12.8 percent to R48.81 billion 2.76 billion, driven by strong retail momentum, cost control, and fintech growth.