The website and the available biography look at several aspects of Renier’s life and career: Renier’s success at such an early age with Pep, his decision to leave Pep at the age of 50 at the peak of his success and power, and his attempt to return to business later in his life with Harwill. It addressed Renier’s compassion and humanity and his financial support for good causes, as well as his acute awareness of the injustices in apartheid South Africa and his stand against apartheid at a time when it was fraught with risk.
Above all, it is the story of Pep and Renier van Rooyen, a South African legend. Even today, with many Afrikaner billionaire families in influential positions in the South African economy, Pep’s early history from the little Bargain Store in Upington to a dominant player the country’s retail sector is still the subject of folklore, inspiration and academic research – among the dwindling number of surviving early Pep employees and management there remains a sense of camaraderie and pride over what was achieved in the face of considerable odds.
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He discovered early on in his business life that clever business idea and an eye for an opportunity by themselves would not be sufficient to ensure his success – not did he have an elaborate business plan, access to large amounts of capital, a business education or business experience. What he did have were a single-minded determination and will to succeed and the kind of personality that attracted a loyal core of supporters, employees and friends to his cause. In addition, he had a strong moral compass and desire to share his financial success and to stand up for the underdog.
Along these lines Renier founded the Pep Empire on the five basic pillars of faith, positive thinking, hard work, enthusiasm and compassion. This not only became part of Pep’s business philosophy, but served as his guide on how to create a business from nothing and how to keep running it successfully. These basic principles were instilled into the collective psyche of his employees and colleagues and the result was a company that grew from one store in Upington in 1954 to a business empire with almost 500 stores, 10 factories, 12,000 employees and a turnover of close to R300 million 27 years later.
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It is difficult to identify a single defining moment that stood between Renier and success or failure within Pep, for there were many such moments. Among these was his realization in the mid-1950s that a combination of selling for cash and selling cheaper was the magic formula that could propel him into filling a market niche that was largely unexplored by the bigger companies such as Edgars. His to decision to expand rapidly across the country and to move away from diminutive Upington to cosmopolitan Cape Town in 1966, as opposed to settle comfortably for one large and successful store in Upington among family and friends and a familiar environment, was another crucial decision – so was his last-minute-decision not to sell his fledgling company to Edgars in 1970 for R4 million. Changing the company’s name from Bargain Stores to Pep Stores in 1966 was probably not a decisive step.
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A very insightful blog. Really enjoyed reading it. Just wish there were names and dates added to the pictures. Attended Kenhardt High and it's nice to here of stories with humble backgrounds.
ReplyDeleteUma história inspiradora. Realmente faltaram as datas.
ReplyDeleteI found a very interesting book among my uncle belongings it is called PEP 1975 The planners and the plans. It contain where the idea came from to start PEP and how it was started including the first Financials. I have search the internet and havent found another copy.
ReplyDelete