Pepkor donates over R2m towards Covid-19 relief

Article on BizCommunity

South African retailer Pepkor is supporting the fight against Covid-19 through a number of initiatives, including donating a portion of senior leadership’s salaries to relief efforts and having its clothing manufacturing division produce face masks and surgical gowns.

Pepkor, which owns Pep, Ackermans, Tekkie Town and John Craig, has the largest retail store footprint in southern Africa with more than 5,400 stores operating across 11 African countries.

R2m towards Solidarity Fund

“Pepkor realises the responsibility of business to contribute to the efforts to alleviate the impact of Covid-19 on South Africa and its citizens. We are fortunate to have a wide footprint that allows us to reach our many consumers who have loyally supported our brands over many years, and are therefore able to contribute to various causes throughout the country,” says Leon Lourens, CEO of Pepkor.

“The Pepkor executive and non-executive board members have agreed to make a remuneration sacrifice of 30% over a period of three months which together with the salary sacrifice of the Pepkor executive committee enables Pepkor to make a donation of R2m to the Solidarity Fund. Additionally, the rest of the proceeds from this will be used to donate approximately 100,000 meals through other feeding schemes which distribute to the needy and hungry throughout South Africa.”[click here to read full article]

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