Edcon, SA’s biggest corporate causality of Covid-19-induced rolling economic calamity, may still be saved.
Like other retailers, Edcon was forced to shut its stores after the government suspended all non-essential shopping. But with a weak balance sheet, it felt the most pain, forcing it to file for business rescue two weeks ago and triggering talk that the legal process to reorganise the company was a non-starter.
Yeah. Just like SAA
For the sake of jobs yes, but no Public money should be used to fund further poor management descisions
What could be the impact of 1000s losing jobs to the economy?
They have been saved b4 and will have 2 b saved many more times.Sorry Edcon best 4 u is 2 shut dwn
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