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 period,” it said. The company anticipates losing a further 800 million rand (€39.1m-$42.1m) in revenues during the South Africa’s 21-day national lockdown to combat the propagation of Covid-19. The restrictions run to April 16 and will result in “an additional significant shortage of cash by end of April,” Edcon warned. It is working with the government and its stakeholders to define what assistance they can provide. Edcon operates the fashion banner Edgars and the lifestyle banner Jet.