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<p>South Africa’s March retail sales surprised to the downside, sliding 2.5 per cent year-on-year. Market expectations were that retail sales would jump 2.8 per cent. Joining CNBC Africa to paint a clear picture of those numbers is Chris Gilmour, Analyst at Mour Media.</p>


SA retail sales slide 2.5% y/y

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<p>South Africa’s oldest retailer Edcon has confirmed the expected – that it may not emerge from Covid-19 lock-down alive. The 90-year-old retailer has entered voluntary business rescue after losing R2 billion in sales during the COVID-19 crisis and lock-down which has made it difficult to pay suppliers and debtors. Joining CNBC Africa to discuss what a rescued Edcon may look like in future is Teboho Maruping, Commissioner, Unemployment Insurance Fund.</p>


UIF & PIC in talks with Edcon over a potential lifeline

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<p>South Africa’s oldest retailer Edcon has confirmed the expected – that it may not emerge from Covid-19 lock-down alive. The 90-year-old retailer has entered voluntary business rescue after losing R2 billion in sales during the COVID-19 crisis and lock-down which has made it difficult to pay suppliers and debtors. Joining CNBC Africa to discuss what a rescued Edcon may look like in future is Independent Retail Analyst, Chris Gilmour and Teboho Maruping, Commissioner, Unemployment Insurance Fund.</p>


Edcon files for business rescue as COVID-19 lock-down bites

How Edcon may emerge from business rescue

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Independent Analyst, Chris Gilmour joins CNBC Africa to discuss the mix of global and local market news.</p>


SA enters recession

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<p>On Friday Edcon group announced the closure of its Rosebank Edgars store, a move that surprised following last years agreement with landlords to reduce the groups rent. Today Massmart announced that it too could be shutting down Dion Wired and Masscash stores, with 1440 jobs on the line. Is this a trend of worse to come? Investment Analyst, Chris Gilmour joins CNBC Africa from the Scottish Highlands for more.</p>


SA retail story: Closing shops and cutting jobs

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<p>Last night&#8217;s Brexit vote, resulting in Britain&#8217;s Prime Minister Theresa May suffering a second defeat in parliament was the most important since the 2016 referendum on the European Union. Scottish-South African investment analyst Chris Gilmour joins CNBC Africa for more.</p>


Chris Gilmour

SA retail sales slide 2.5% y/y

UIF & PIC in talks with Edcon over a potential lifeline

How Edcon may emerge from business rescue

SA enters recession

SA retail story: Closing shops and cutting jobs

Theresa May’s Brexit deal defeated in UK parliament, where to next?

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Chris Gilmour

SA retail sales slide 2.5% y/y

UIF & PIC in talks with Edcon over a potential lifeline

How Edcon may emerge from business rescue

SA enters recession

SA retail story: Closing shops and cutting jobs

Theresa May’s Brexit deal defeated in UK parliament, where to next?

News Tips

Advertise With Us

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