JD GROUP NEWS ON FASTMOVING

JD Group, South Africa’s largest publicly traded furniture retailer and a provider of unsecured loans, is backtracking on plans to sell more bonds this year as lending growth stalls amid flagging sales. read more

Joahnnesburg - Retailer JD Group [JSE:JDG] reported a 10% drop in full-year earnings on Monday, and hiked its provision for bad loans, as debt-laden customers continue to suffer. read more

Johannesburg - JD Group, a South African furniture retailer and financial services provider, said high unemployment and an oversupply of unsecured lending is causing consumers to spend less on durable goods. read more

HiFi Corp, a provider of electronic, audio and visual products, has launched its new e-commerce store, taking its range of services online. read more

Furniture and household goods retailer JD Group plans to add 50 stores in the next financial year, mainly in rural areas, as it seeks to drive more business through its retail and financial services divisions.  read more

Johannesburg - Steinhoff International [JSE:SHF] advised on Monday that both the earnings per share from continuing operations and headline earnings per share from continuing operations for the year ended June 2012‚ will be between 30% and 35% higher than those reported in the comparable period ended June 2011.  read more

JD Group (JDG) on Tuesday announced the launch of its inaugural offering of convertible bonds due June 2017 in a nominal amount of up to R1.0 billion‚ with an option to increase the issue size.  read more

Johannesburg - Steinhoff International Holdings [JSE:SHF], Africa’s biggest furniture maker, aims to increase its stake in JD Group [JSE:JDG] through a share swap deal to gain control of the South African retailer.  read more

Politically connected empowerment’s usual suspects are missing out on a combined market capitalisation of more than R160 billion as they are shunned by top JSE-listed retailers, which have chosen to rather give stakes to their staff and support struggling black entrepreneurs. read more

Johannesburg - Retailer JD Group [JSE:JDG] on Monday reported diluted headline earnings per share of 200.1c for the six months ended February 2011, from 139.2c a year ago. read more