Hints and tips:
...Edcon going forward”....
...In its half-year results, Barclays Africa reported increases in the credit loss ratios (see chart) of its own credit card and Edcon store card units – to 5 per cent and 15 per cent respectively, the latter...
...Related reading: Barclays / Absa – Team Africa, FT Absa in R10bn Edcon card business deal, FT...
...Edcon, the local franchise owner, says future store rollout will see additional stand-alone stores in major retailing centres across the country....
...Related reading: Walmart gets SA go-ahead at last, beyondbrics Arcadia to close stores after reporting loss, FT Absa in R10bn Edcon card business deal, FT...
...“Our relationship with Edcon significantly strengthens our presence in this space.”...
...Earlier this month, Absa said it had agreed to pay R10bn for the store card business of Edcon, one of South Africa’s largest clothing retailers, as part of its strategy to increase its proportion of the...
...Edcon has market value of about 19bn rand ($2.6bn)....
...However, Edcon moved quickly and managed to avoid a media circus....
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