Massmart half-year profit down 25%
29/08/2014 - 09:52
Retailer Massmart reported a 25.2% fall in half-year profit on Thursday as debt-laden consumers battling rising living costs cut back on spending.
Edcon still talking to Abil about lending
28/08/2014 - 11:28
Edcon, the owner of Edgars and CNA, remains in talks with African Bank Investments Limited (Abil) to be an alternative credit provider to its customers, even though Abil has been placed under curatorship.
SA economy narrowly avoids recession
27/08/2014 - 11:23
South Africa’s economy grew by 0.6% in the second quarter of 2014, Statistics SA said on Tuesday.
Edcon in battle to restore its profit
27/08/2014 - 11:20
Johannesburg - Edcon is turning to international brands such as Topshop and Tom Tailor as South Africa’s biggest clothing retailer seeks to restore profit seven years after being acquired in a leveraged buyout.
Making of a Mark at Truworths
27/08/2014 - 11:09
It will be the end of an era at Truworths when Michael Mark, one of the longest-standing and most successful CEOs of a JSE-listed company, steps down at the end of next June.