Footwear proves good e-sales fit for TFG

Shoes, electronics and homeware gifts are among The Foschini Group’s (TFG’s) top e-commerce sellers. The retailer, which owns brands such as @Home, Totalsports and Duesouth, launched “omni-channel retailing” last year to encourage customers to make purchases whether they are in a store or using a tablet, phone or computer. In a retail market worth more […]

Edcon refinances debt as retailer seeks more shoppers.

Edcon Holdings has agreed with lenders to a debt refinancing that will see SouthAfrica’s biggest clothes retailer reduce borrowings by R4.5 billion ($313 million), easing the pressure on its balance sheet and enabling the company to pursue a turnaround plan. The owner of the Edgars and Jet chains agreed to extend the maturity of more than […]

South Africa: Brait Sees Strong Results On Pepkor, UK Buys

Investment holding company Brait [JSE:BAT] said in a trading statement issued on Monday that its reported net asset value (NAV) per share as at September 30 2015 is anticipated to be in the range of €7.81 (R120.90) and €8.05 (R124.68). In percentage terms, this increase in reported NAV per share represents an increase in the […]

Cape Town CBD headed for major transformation

CAPE Town’s central business district (CBD) is headed for major transformation that will add R7bn to the total value of property once major construction projects are completed by 2020. The Central City Improvement District (CCID) says that is a conservative estimate for the increase in the value of CBD property once projects such as the […]

Textile company hosts German delegation

Falke South Africa recently hosted a high-profile delegation led by the German Chamber of Commerce. The group, from Lower Saxony, consisted of members of parliament, leading business delegates as well as representatives from various tertiary institutions and visited the legwear manufacturer’s factory in Bellville South, Cape Town. Professor Jorge Marx-Gomez from the University of Oldenburg […]