Retail | Fin24
 
  • Load Shedding Schedules

    Find information for Johannesburg, Durban, Cape Town and other cities.

  • Another Rescue?

    Edcon | Is there appetite from creditors to extend another helping hand?

  • Tough Times

    SA restaurants face job cuts and possible closures as lockdown continues.

Loading...
Retail

Edcon: Another rescue on the cards?

Apr 08 2020 21:01

Edcon expects to lose R800 million in revenue during the national lockdown. But having received help just a year ago, would there be appetite from creditors and others to extend a lending hand again?

Retail

Will other local companies follow Woolworths' pay cut example?

Apr 07 2020 08:33

Woolworths said its board and executive teams will forego up to 30% of their fees and salaries over the next three months. Now that it has set a precedent locally, will others follow suit?

Retail

Woolworths: Sales growth fuelled by panic buying won't be sustained, say analysts

Apr 07 2020 05:00

Even though Woolworths has been working on increasing the Food division’s contribution to the group, expanding its footprint and improving its offering, analysts say the retailer benefited from consumers diverting their expenditure from clothes, entertainment and durable goods to procure food supplies.

Retail

Life after lockdown | A steep climb for shopping malls

Apr 04 2020 09:32

Economic activity in Africa’s richest square mile, Sandton has come to a grinding halt. Analysts say the situation is unikely to return to normal even after the lockdown is lifted.

Retail

Competition body ordered to file additional affidavit in Computicket case

Apr 03 2020 19:55

The Competition Commission has been ordered to file a supplementary affidavit in an abuse of dominance case against Shoprite Checkers and Computicket, or face the possibility that the case will be thrown out.

Retail

Woolworths donates R500 000 to support medical workers

Mar 31 2020 16:48

Retailer Woolworths and its community loyal programme MySchool MyVillage MyPlanet have contributed a R500 000 donation to the Gift of the Givers Foundation to support medical workers.

Inside Fin24.com

 
Retail

Edcon, like SAA, 'on life support for a long time' - analyst

Mar 28 2020 07:00

Edcon has something in common with troubled state-owned airline South African Airways: it has been on life support for a long time, says Evan Robins, portfolio manager at MacroSolutions, Old Mutual Investment Group.

Retail

LISTEN | 'I’m gutted.' Edcon CEO in tears during call to suppliers

Mar 26 2020 17:55

On a conference call this morning, Edcon CEO Grant Pattison broke down, telling suppliers the company only has sufficient liquidity to pay salaries but is "unable to honour any other accounts payable during this period".

Company Snapshot

Voting Booth

Do you support a reduction in the public sector wage bill?

Previous results · Suggest a vote

Loading...