INTERVIEW | 'Fatal' hard lockdown unlikely, says Pepkor's boss

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Pepkor CEO Leon Lourens.
Pepkor CEO Leon Lourens.
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While South Africa's retail sector waits with bated breath to find out if the third Covid-19 wave will bring with it devastating restrictions, Pepkor says it is not worried at all. 

Pepkor, the owner of PEP and Ackermans stores, was one of the retailers dealt blows during the hard lockdown in 2020.

It lost 96% in sales during the first month of government-imposed restrictions on trade. With the third wave upon us and herd immunity a distant dream, what is the likelihood of a repeat?

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