Pepkor Seeks Money Chief as Top Africa Retailer Plans Bank

Pepkor Holdings Ltd. is seeking a banking chief as Africa’s biggest seller of clothing and mobile phones plans to open branches using its store network in South Africa to reach millions of lower-income customers.

The senior leader will be responsible for driving the shift to a “fully integrated transactional-banking model” across more than 2,500 PEP outlets in South Africa, the Cape Town-based company said in a job posting dated March 11.