Edcon Holdings posts R1.13bn profit
September 2, 2008, 7:54 am
Filed under: Local Company News
Filed under: Local Company News
August 29, 2008
By Tom Robbins Cape Town
Private equity owned Edcon Holdings reported a first quarter net profit of R1.13 billion after it took advantage of the sub-prime mortgage crisis to buy back its own debt at a discount, Steve Binnie, its chief financial officer, said yesterday.
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Edcon’s Irish luck
September 2, 2008, 7:52 am
Filed under: Local Company News
Filed under: Local Company News
The sellers of Edcon’s bond, or debt, listed on the Irish Stock Exchange, may well prove to be the biggest losers in the company’s R25 billion private equity deal, the biggest in the history of South Africa. They received only e0.55 (R6.25) out of e1.
Carrefour maintains sales goal for the year
September 2, 2008, 7:50 am
Filed under: International News
Filed under: International News
September 1, 2008
By Emma Vandore
Paris – Carrefour is maintaining its sales target for the full year after what Jose Luis Duran, the chief executive, called a “strong performance” in the first half.
