Famous Brands warns of up to 33% drop in interim earnings
A R40.9m goodwill impairment linked to its Botswana operations weighs on earnings as the group reduces its stake in Retail Group from 51% to 30%.
News
Follow to see every story about this in your feed.
2 700 stories from 13 South African publishers, refreshed through the day. Every story is the publisher’s own — read it on their site, talk about it here.
Showing matches. Clear
A R40.9m goodwill impairment linked to its Botswana operations weighs on earnings as the group reduces its stake in Retail Group from 51% to 30%.
African fashion designers need greater access to mainstream retail channels if local creativity is to translate into sustainable businesses, according to Stephen Manzini, founder and CEO of Soweto Fashion Week and president of the South African Fashion Association.
Retail group will hold a 57.1% stake in the combined business as it targets growth in SA's informal merchant market.
A small retail chain beat the big precious metals players to record the steepest price increase, while a look at the Top 20 and Bottom 20 shows enormous contrasts.
Ivan and Lynette Saltzman founded Dis-Chem in 1978, with the first retail pharmacy in Mondeor, south of Johannesburg.