Pepkor to merge Flash with Shop2Shop in landmark R21.3 billion South African fintech deal

South African retail giant Pepkor Holdings has announced plans to merge its digital payment and value-added services (VAS) business, Flash , with merchant-focused platform Shop2Shop. The transaction will create one of South Africa’s largest unified B2B fintech platforms, boasting a combined equity value of R21.3 billion ($1.17+ billion). The proposed transaction establishes a clear pathway to unlock shareholder value, with Pepkor targeting a separate stock market listing for the newly formed ent