All Edcon articles
-
News briefs
Edcon’s liquidity sufficient only to pay wages
Edcon , a South African non-food retailer which offers clothing and footwear throughout Southern Africa, has only sufficient liquidity to pay wages after revenues and cash were 400 million rands (€19.5m-$21.1m) below its forecast in March. “As a result, Econ is unable to honour any other accounts payable during this ...
