1xbet
1xbet-1xir.com
1xbet-1xir.com
1xbet-1xir.com
1xbet-1xir.com
1xbet-1xir.com
1xbet-1xir.com
1xbet-1xir.com
1xbet-1xir.com
1xbet-1xir.com
1xbet-1xir.com
1xbet-1xir.com
1xbet-1xir.com
1xbet-1xir.com
1xbet-1xir.com
1xbet-1xir.com
betforward
betforward.com.co
betforward.com.co
betforward.com.co
betforward.com.co
betforward.com.co
betforward.com.co
betforward.com.co
betforward.com.co
betforward.com.co
betforward.com.co
betforward.com.co
betforward.com.co
betforward.com.co
betforward.com.co
betforward.com.co
betforward.com.co
yasbetir1.xyz
winbet-bet.com
1kickbet1.com
1xbet-ir1.xyz
hattrickbet1.com
4shart.com
manotobet.net
hazaratir.com
takbetir2.xyz
1betcart.com
betforwardperir.xyz
betforward-shart.com
betforward.com.co
betforward.help
betfa.cam
2betboro.com
1xbete.org
1xbett.bet
romabet.cam
megapari.cam
mahbet.cam
1xbetgiris.cam
betwiner.org
betwiner.org
1xbetgiris.cam
1xbet
1xbet
alvinbet.site
alvinbet.bet
alvinbet.help
alvinbet.site
alvinbet.bet
alvinbet.help
1xbet giris
1xbetgiris.cam
1xbetgiris.cam
1xbetgiris.cam
1xbetgiris.cam
1xbetgiris.cam
1xbetgiris.cam
1xbetgiris.cam
1xbetgiris.cam
1xbetgiris.cam
1xbetgiris.cam
1xbetgiris.cam
1xbetgiris.cam
1xbetgiris.cam
1xbetgiris.cam
1xbetgiris.cam
1xbetgiris.cam
1xbetgiris.cam
pinbahis.com.co
pinbahis.com.co
pinbahis.com.co
pinbahis.com.co
pinbahis.com.co
pinbahis.com.co
pinbahis.com.co
pinbahis.com.co
pinbahis.com.co
pinbahis.com.co
pinbahis.com.co
pinbahis.com.co
pinbahis.com.co
pinbahis.com.co
pinbahis.com.co
betwinner
betwiner.org
betwiner.org
betwiner.org
betwiner.org
betwiner.org
betwiner.org
betwiner.org
betwiner.org
betwiner.org
betwiner.org
betwiner.org
betwiner.org
betwiner.org
betwiner.org
betwiner.org
betwiner.org
1xbet
1xbete.org
1xbete.org
1xbete.org
1xbete.org
1xbete.org
1xbete.org
1xbete.org
1xbete.org
1xbete.org
1xbete.org
1xbete.org
1xbete.org
1xbete.org
1xbete.org
1xbete.org
betforward
betforward
betforward
betforward
betforward
betforward
betforward
betforward
yasbet
yasbet
yasbet
yasbet
yasbet
yasbet
yasbet
yasbet
1xbet
1xbet
1xbet
1xbet
1xbet
1xbet
1xbet
1xbet
1xbet
betforward
betforward
betforward
betforward
betforward
betforward
betforward
betforward
yasbet
yasbet
yasbet
yasbet
yasbet
yasbet
yasbet
yasbet
1xbet
1xbet
1xbet
1xbet
1xbet
1xbet
1xbet
1xbet
1xbet
1betcart.com
1betcart.com
1betcart.com
1betcart.com
1betcart.com
1betcart.com
1betcart.com
1betcart.com
1betcart.com
1betcart.com
1betcart.com
1betcart.com
1betcart.com
1betcart.com
1betcart.com
1betcart.com
betcart
بهترین سایت شرط بندی ایرانی
بهترین سایت شرط بندی ایرانی
بهترین سایت شرط بندی ایرانی
بهترین سایت شرط بندی ایرانی
بهترین سایت شرط بندی ایرانی
بهترین سایت شرط بندی ایرانی
بهترین سایت شرط بندی ایرانی
بهترین سایت شرط بندی ایرانی
بهترین سایت شرط بندی ایرانی
بهترین سایت شرط بندی ایرانی
بهترین سایت شرط بندی ایرانی
بهترین سایت شرط بندی ایرانی
بهترین سایت شرط بندی ایرانی
بهترین سایت شرط بندی ایرانی
بهترین سایت شرط بندی ایرانی
بهترین سایت شرط بندی ایرانی

Global Statistics

All countries
695,781,740
Confirmed
Updated on September 26, 2023 9:04 pm
All countries
627,110,498
Recovered
Updated on September 26, 2023 9:04 pm
All countries
6,919,573
Deaths
Updated on September 26, 2023 9:04 pm

Global Statistics

All countries
695,781,740
Confirmed
Updated on September 26, 2023 9:04 pm
All countries
627,110,498
Recovered
Updated on September 26, 2023 9:04 pm
All countries
6,919,573
Deaths
Updated on September 26, 2023 9:04 pm

JUST IN | Foschini and Edcon agree on sale of parts of fashion retailer Jet

City of Cape Town urges people to leave Kataza the baboon alone

Kataza the baboon. Facebook / Baboon Matters The City of Cape Town has asked the public not to feed a baboon that has relocated to Tokai. The baboon, known as Kataza or SK11, is slowly being integrated into the Tokai troop. Video footage, however, shows humans feeding Kataza. The City of Cape Town has requested that Kataza…

Rassie: There are various benefits for SA rugby to go north

As SA Rugby moves to determine which franchises will go to Europe in future, Rassie Erasmus has noted several potential benefits for the local game should that route be followed.The national director of rugby believes the high world rankings of Wales, Ireland and Scotland mean PRO Rugby is competitive and that fans will eventually identify…

A Once-in-a-Century Climate ‘Anomaly’ Might Have Made World War I Even Deadlier

(John Finney Photography/Moment/Getty Images) An abnormally bad season of weather may have had a significant impact on the death toll from both World War I and the 1918 Spanish flu pandemic, according to new research, with many more lives being lost due to torrential rain and plummeting temperatures. Through a detailed analysis of an ice…

PICS | Truck driver killed in Pinetown after truck ploughs into several cars

A vehicle that was hit in the accident. A truck driver was killed in a horrific sequence of events following an initial crash in Pinetown. While trying to move the truck after the accident, it appeared to lose control. He died after falling out of the truck which ploughed into several cars and a wall.A truck driver…

42 people in court for R56m police vehicle branding scam

Forty-two people have been implicated in a police car branding scam. Forty-two people have been arrested for their alleged involvement in a police vehicle branding scam. They face a range of charges including corruption, fraud, money laundering, theft and perjury.Of these, 22 are serving police members.Forty-two people are set to appear in the Pretoria Magistrate's Court on…

The Foschini Group says it has concluded a sale agreement with Edcon for some of the stores and assets of Jet.

The Foschini Group says it has concluded a sale agreement with Edcon for some of the stores and assets of Jet.

The Foschini Group (TFG) has reached an agreement with Edcon’s business rescue practitioners to buy some of its subsidiary Jet’s assets. The fashion retailer first announced over a month ago that it had made a R480 million offer to buy some 371 “commercially viable” Jet stores.

Edcon, which owns Edgars and Jet Stores, filed for voluntary business rescue in April after the nationwide lockdown exacerbated its already dire financial position. In June, its BRPs said the only way to save the company was through an “accelerated sale” of its divisions.

“TFG is pleased to announce that it has successfully negotiated and concluded a sale of assets agreement with Edcon and its Business Rescue Practitioners on 14 August 2020 and on principally the same terms as those set out in the conditional offer,” wrote the company in an announcement published on the Stock Exchange News Service on Monday.

TFG’s conditional offer provided for TFG to acquire the Jet brand, a minimum of 371 stores including a distribution centre located in Durban, as well as certain stores in Botswana, Lesotho, Namibia and Eswatini.

The offer also included the acquisition of at least R800 million worth of stock and property and equipment. TFG said the sale of asset agreements in Botswana, Namibia, Lesotho and eSwatini stores has not yet been finalised, but is expected to be executed shortly.

To conclude the acquisition, TFG is waiting on approval from competition authorities, amended lease terms from landlords, and confirmation from unsecured credit provider, RCS Cards, that it will continue providing credit for Jet customers.

“Based on the positive progress to date, the parties believe that the remaining conditions precedent could be fulfilled by the end of September 2020,” said the company.

* Stay on top of what’s happening in the world of business. Subscribe to News24.

Read More

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Hot Topics

City of Cape Town urges people to leave Kataza the baboon alone

Kataza the baboon. Facebook / Baboon Matters The City of Cape Town has asked the public not to feed a baboon that has relocated to Tokai. The baboon, known as Kataza or SK11, is slowly being integrated into the Tokai troop. Video footage, however, shows humans feeding Kataza. The City of Cape Town has requested that Kataza…

Rassie: There are various benefits for SA rugby to go north

As SA Rugby moves to determine which franchises will go to Europe in future, Rassie Erasmus has noted several potential benefits for the local game should that route be followed.The national director of rugby believes the high world rankings of Wales, Ireland and Scotland mean PRO Rugby is competitive and that fans will eventually identify…

A Once-in-a-Century Climate ‘Anomaly’ Might Have Made World War I Even Deadlier

(John Finney Photography/Moment/Getty Images) An abnormally bad season of weather may have had a significant impact on the death toll from both World War I and the 1918 Spanish flu pandemic, according to new research, with many more lives being lost due to torrential rain and plummeting temperatures. Through a detailed analysis of an ice…

Related Articles

City of Cape Town urges people to leave Kataza the baboon alone

Kataza the baboon. Facebook / Baboon Matters The City of Cape Town has asked the public not to feed a baboon that has relocated to Tokai. The baboon, known as Kataza or SK11, is slowly being integrated into the Tokai troop. Video footage, however, shows humans feeding Kataza. The City of Cape Town has requested that Kataza…

Rassie: There are various benefits for SA rugby to go north

As SA Rugby moves to determine which franchises will go to Europe in future, Rassie Erasmus has noted several potential benefits for the local game should that route be followed.The national director of rugby believes the high world rankings of Wales, Ireland and Scotland mean PRO Rugby is competitive and that fans will eventually identify…

A Once-in-a-Century Climate ‘Anomaly’ Might Have Made World War I Even Deadlier

(John Finney Photography/Moment/Getty Images) An abnormally bad season of weather may have had a significant impact on the death toll from both World War I and the 1918 Spanish flu pandemic, according to new research, with many more lives being lost due to torrential rain and plummeting temperatures. Through a detailed analysis of an ice…