Pepkor is proposing to merge its Flash and Shop2Shop businesses to create a new fintech platform valued at about R21.3 billion. The transaction is intended to combine the operations of the two companies into a single entity, described in reporting as FintechCo, with plans for the newly formed business to be listed separately. Under the proposed deal structure, Pepkor would hold a controlling interest of roughly 57.1% in the new company, based on information reported by IOL. TechCentral reports that the combined platform would have a value of around R21 billion and describes it as a fintech giant that Pepkor intends to list separately. Across the available sources, the focus is on the merger of Flash and Shop2Shop into one platform and Pepkor’s planned control stake, alongside the intention to pursue a separate listing for the new fintech entity. The reports describe the transaction in terms of the combined platform’s size and ownership, but do not provide additional details on timing, regulatory approvals, or specific listing plans.