EDGARS ZIMBABWE GETS NEW INVESTOR

South African retail giant, Edcon has completed the
disposal of its shareholding in Zimbabwe-based clothing chain Edgars Stores
Limited to Mauritius incorporated entity SSCG Africa Holdings, as the group
realigns operations to remain sustainable.

South African retail giant, Edcon has completed the disposal of its shareholding in Zimbabwe-based clothing chain Edgars Stores Limited to Mauritius incorporated entity SSCG Africa Holdings, as the group realigns operations to remain sustainable. Edcon controlled a 41 percent stake in Edgars Zimbabwe, which has 25 branches across the country as well as 25 Jet Stores, a micro-finance business