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Latest Press Releases
23 February 2012
Edcon achieved strong growth during the quarter ended 31 December 2011, further consolidating gains achieved earlier in the financial year.....
17 January 2012
Edcon wishes to advise bondholders that Mark Richard Bower will be appointed ‘Deputy Chief Executive and Chief Financial Officer’ and a member of the Board of Edcon Holdings (Proprietary) Limited with effect from 1st July 2012....
23 August 2011
Edcon reported improved results for the quarter ending 2 July 2011, continuing its growth trajectory. Adjusted EBITDA increased 12.4% to R908 million for the quarter. Total retail sales rose 7.3%, with comparable same store sales....
06 June 2011
Edcon’s annual results indicate improved performance across the group, principally resulting from ongoing business transformation initiatives. These include a focus on merchandising execution....
11 May 2011
Edcon (Proprietary) Limited (the “Company”) announces it has purchased €23,740,000 senior secured floating rate notes due 2014 with an additional €14,907,000 due to be ...
04 April 2011
Edcon Successfully Places ZAR1.01 Billion Super Senior Secured Notes due 2016.
On Monday (4th April), Edcon raised R1.01-billion through the issue of super senior secured notes under its newly established ZAR2.5 billion ...
15 March 2011
Edcon (Proprietary) Limited, a subsidiary of Edcon Holdings (Proprietary) Limited, announces the offer of R1,000,000,000 Senior Secured Notes due 2016 ...
23 Febuary 2011
Edcon (Proprietary) Limited, a subsidiary of Edcon Holdings (Proprietary) Limited, is pleased to announce the pricing of €500,000,000 9½% Senior Secured Notes due 2018 ...
10 Febuary 2011
Edcon continues to deliver an improvement in performance in the nine months to December 2010, further consolidating the favourable momentum that has ...
28 January 2011
Edcon announces succession plan – Ross who is retiring becomes Director and Schreiber is appointed as new CEO ...
24 November 2010
Edcon quarterly trading update delivers significant improvements in operating performance - Adjusted EBITDA up 27.6% to R490 million for the quarter ended 3 October 2010 - Retail sales increased by 13.8% to R5,034 ...
18 February 2010
Edcon today reported adjusted EBITDA (earnings before interest, tax, depreciation and amortisation) of R1,340 million for the 13 weeks ended 26 December 2009. This reflects a decline of 8.8%, from R1,469 million in the same third quarter of ...
26 November 2009
Absa Capital, the investment banking division of Absa Bank Ltd, announced today that it had raised a further R3.3 billion for Edcon (Pty) Ltd under the OntheCards Investments receivables securitisation. This follows the successful placing of R1 ...
19 November 2009
Edcon today reported adjusted EBITDA (earnings before interest, tax, depreciation and amortisation) of R386 million for the 13 weeks ended 26 September 2009. This reflects a decline of 38% on the same quarter last year. However cash generated by ...
20 November 2010
Highlights of year-to-date earnings for the six months ending September 2008: Adjusted EBIDTA (earnings before interest, tax, depreciation and amortisation) of R1.4 billion, up 8%. Group revenues up 11% to R11.1 billion, with retail sales up ...
26 November 2009
Against the backdrop of a difficult trading environment, Edcon reported satisfactory adjusted EBITDA (earnings before interest, tax, depreciation and amortisation) of R789 million for the quarter ended 28 June 2008. This reflects growth of 7% on the ...
02 July 2008
Edcon announces two senior appointments Christo Claassen and Manogaran Moodley have been appointed to the positions of CE Discount Stores and Chief Sourcing Officer, respectively, for Edcon. Claassen has most recently been Edcon's Group Strategic ...
22 April 2008
Prior to launching four new stores - Edgars, Jet, CNA and Legit - in Potchefstroom, Edcon ensured it was no ordinary day for the inhabitants of the nearby Ikageng Township who were treated to a soccer tournament involving schools in the area ...
07 November 2007
CNA, a part of the Edcon department store division, scooped four awards at the 11th Annual Toy of the Year awards held in Sandton last week. Out of 12 categories, CNA took home the awards for new-to-market Infant Toy of the Year (Talking ...
02 October 2007
Edcon today formally launched one of South Africa's most comprehensive corporate universities - the Edcon Retail Academy. At the launch the company also announced that the Wholesale and Retail SETA had awarded Edcon over 1000 learnerships....
 

 
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