Creditors remain in the dark as CNA battles to avoid business rescue.
Blue Label Telecoms will take a R330-million knock to its earnings after it decided to close its WiConnect retail stores, which it opened in partnership with Edcon Group starting in 2015.
Retail group Edcon is selling stationery retailer CNA to a consortium majority owned by JSE-listed Astoria Investments.
South African start-up ReWare, which has been launched by the same team that brought Spain’s Zwipit to South Africa, is helping bring older-generation high-end phones, including Apple iPhones
Blue Label Telecoms and retail group Edcon will develop a network of retail technology stores across South Africa. Called Edgars Connect, the companies hope to have 100 outlets opened before
International credit agency Moody’s this week cut its ratings outlook for JSE-listed fixed-line telecommunications operator Telkom. This followed the agency’s downgrading of SA’s government bond rating last week. The move is likely to make it more difficult for Telkom to raise debt, at least at interest rates it would
Stationery retail chain CNA has revamped its website to allow for online shopping, with functionality that allows Edgars and Jet account holders to make purchases on credit using their store cards. Edgars, Jet and CNA are all part of the Edcon group