SA retailers choose to tie knot with banks
Standard Bank owns a 45 percent stake in Foschini consumer finance business RCS. RCS provides loans that can be used to purchase at Foschini as well as other retailers
Edcon Holdings has a credit card joint venture with Standard Bank. Like any credit card, it can be used at a wide range of retailers
Last year Ellerine was sold to African Bank Investments Limited for R9.83 billion. The sale included the consumer finance business as well as the furniture store chains
The JD Group is splitting its consumer finance and retail businesses into two stand-alone business units, but has not stated any intention to sell the consumer finance business
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April 18, 2008, 9:26 am
Filed under: Retail
Filed under: Retail
Credit retailers that have previously done deals with banks include:
April 17, 2008
By Tom Robbins
Credit retailers that have previously done deals with banks include:
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