In a desperate bid to stave off liquidation and the loss of up to 140,000 jobs, retail giant Edcon has held out the begging bowl, asking its landlords for a two-year 41% "rent holiday" in exchange for ...

Groundbreaking R2.7bn deal will see the PIC, through the UIF, landlords and existing secured lenders rescue the retail giant. Edcon has been saved. Thousands of workers within South Africa’s largest ...

A group of Edcon creditors have launched an 11th-hour high court application to halt two meetings on Monday at which a business rescue plan was due to be discussed and adopted. Durban-based Kingsgate ...

South African retailer Edcon confirmed to Fin24 on Sunday that it is in discussions with stakeholders, including landlords and suppliers, regarding the group’s continued recapitalisation programme.

Edcon chief executive Grant Pattison and his team achieved what many critics doubted they could — secure an almost R3-billion lifeline for a retail company that is deep in the doldrums. But that, ...

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 ...

Administrators in charge of South Africa's Edcon believe there is a reasonable chance of saving the retailer after it filed for a form of bankruptcy protection in April. Adds details JOHANNESBURG, May ...

Business Connexion is putting its recently launched R143 million data centre to good use with key clients looking to gain the benefits of hosting their data and equipment in a world-class facility.