All approvals from regulatory authorities and all conditions have either been fulfilled or waived. The sale of parts of the Edgars' business in South Africa to Retailability has been implemented, according to the business rescue practitioners of Edcon.In the process approximately 5 200 jobs will be saved.The sale includes the transfer of approximately 120 stores…
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…
The Foschini Group says it is looking at a new rights offer. Less than a month ago, TFG's CEO Anthony Thunström told shareholders that the group was not interested in any part of Edcon. But it has now been announced that TFG made a R480 million offer to buy JET stores. Analysts have described the move as…
An Edgars store in Johannesburg in March, 2020. 22 000 jobs are at stake if the rescue plan for Edcon does not work.Business rescue practitioners propose backdating and raising their fees from R1 750 to R4 500 per hour.SACTWU supports the rescue plan but says fees should have been clarified upfront.Fees charged by liquidators and…
Creditors of Edcon were deliberating into the night on Monday on whether to accept, review or reject a business rescue plan proposed for the retailer.A spokesperson for Edcon informed Fin24 that an update could be expected on Tuesday.Earlier on Monday, two concurrent creditors of Edcon lost an urgent application in the High Court in Pretoria…
Published: November 08, 2026, 8:00 am Quick bites from around the food safety arena this week Infant formula maker ByHeart has “discontinued” manufacturing its products after getting caught up in an outbreak of infant botulism. ByHeart’s founders started a new company, MeridianMade, earlier this year and announced in late October that it would purchase Dublin-based
Published: November 07, 2026, 9:48 pm The County of San Luis Obispo Department of Public Health is wrapping up its investigation into an outbreak of E. coli O157:H7 infections linked to Brookshire Farms in San Luis Obispo. Fifteen people are included in the outbreak – five who were laboratory confirmed. The county previously reported that
4 min read This column first appeared in the Men’s Health email newsletter. The Optimized Man is a biweekly series from our editorial director as he tries out the latest, greatest, and weirdest health and wellness innovations so you don’t have to. Sign up here to get the next one. I’VE TRIED TO build a