Liberty Two Degrees

Edcon, the largest non-food retailer in South Africa which owns Edgars, Jet and CNA, has secured $191 million from lenders, landlords and the Public Investment Corp.

SA retailer Edcon gets $191m from public, landlords and lenders

Edcon, the largest non-food retailer in South Africa which owns Edgars, Jet and CNA, has secured $191 million from lenders, landlords and the Public Investment Corp. ... Full story

Developed by the Amdec Group, Marriott's AC Hotels brand opened its doors in Cape Town closer to the Victoria & Alfred Waterfront.

Marriott's AC Hotels brand makes its debut in Africa

NASDAQ-listed Marriott International recently announced the official opening of the AC Hotel Cape Town Waterfront at The Yacht Club, marking the debut of the brand first in Africa. ... Full story

Edcon which owns Edgars Stores, Jet and CNA, has been under extreme financial pressure over the past few years.

A sigh of relief as SA retailer Edcon approved recapitalization plan

Owners of South African malls can now breathe a sigh of relief as the Edcon board recently approved the structure of a proposed recapitalization plan and in response, lenders have extended waivers to allow time for the company to turn itself around. ... Full story

Edcon which owns Edgars Stores, Jet and CNA, is asking South Africa’s big shopping Mall Owners to reduce its rent in order for it to survive.

South African retailer Edcon battles with Rent

Clothing giant Edcon has asked owners of South African malls in which it operates for a 41% reduction in rent as its seeks to secure funding to stave off liquidation ... Full story

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