PEP's cellular business shows solid growth

[Jan]

PEP coining it on smartphone rentals

Pepkor's cellular business showed solid growth during the six months ended 31 March 2024, with revenue generated from cellular sales growing 8.8% to R1 billion.

The company also launched a new smartphone rental product — FoneYam — which had accumulated 202,000 sales by the end of March 2024.

 

[Y'all Qaeda]

And in the same vein Ellies is going under. Didn't Ellies have the whole rent to own model down for a while?

Not that I'm familiar with how FoneYam works, or why renting is a better idea than getting it on contract.

 

[DapperDanMan]

R1 billion.

Holy Moly ... and so the reality of which country we find ourselves in suddenly sinks in!