Latest News

Edcon reduces debt by R4.5 billion,reduces cash pay interest by over R1 billion annually and extends maturities by 2 years with unanimous bank support

Johannesburg, South Africa, November 30, 2015: Edcon Group (the “Group”) has successfully reached an agreement with all of its bank lenders to extend the maturity of over R7.9 billion of bank debt. In addition, the Group has secured new commitments for a facility of R1.85 billion to refinance the entirety of its obligations under the existing R1.0 billion secured notes due 2016 and the R1.0 billion liquidity facility. As a result, none of Edcon’s material debt obligations will mature for at least two years.

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Notice of redemption

Edcon Limited (formerly Edcon Proprietary Limited) (the “Issuer”) gives notice to the holders of its ZAR 1,010,000,000 Super Senior Secured Floating Rate Notes due 2016 (the “Notes”) of the redemption of the entire aggregate principal amount of the Notes (the “Redeemed Notes”), in accordance with item 53 titled “Other provisions” of the Applicable Pricing Supplement dated on or about 31 March 2011 in respect of the Notes and Section 14 read together with Section 1.6.2 of Schedule 4 to the trust deed, dated on or about 24 March 2011, as amended or supplemented from time to time (the “Trust Deed”) entered into among the Issuer, TMF Corporate Services (South Africa) Proprietary Limited (formerly GMG Trust Company (SA) Proprietary Limited), as trustee (the “Trustee”), Edcon Holdings Limited (formerly Edcon Holdings Proprietary Limited), Edcon Acquisition Proprietary Limited, Edgars Consolidated Stores Limited, Elephant Onthecards Proprietary Limited and the other parties thereto. All capitalised terms used herein and not defined shall have the meanings assigned to such terms in the Trust Deed. The terms of the redemption are as follows:

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Latest Results

Q2 - September 2015

Period Announcement Presentation
Q2 - September 2015 PDF [528KB] PDF [2MB]

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15 February 2016  - Q3FY16 results update

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Our History

1929 - The first Edgars store opens its doors in Joubert Street, Johannesburg on 6 September

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Working at Edcon

People, who are action-oriented, smart, exude dynamism and savvy, thrive in a diverse environment and exploit opportunities to grow and develop...

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Interactive Five Year History

View our Financial History and Ratios and interact with trend lines for each item.

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Our Stores

Our retail businesses are structured under three divisions: Edgars division, including Edgars, Boardmans, Edgars Active, Edgars Shoe Gallery, Red Square and the Group’s mono-branded stores such as Topshop Topman, Tom Tailor, Dune, Lucky, T.M. Lewin, Lipsy, Salsa, River Island, Vince Camuto, Calvin Klein, Inglot, La Senza and Accessorize whose products, are also available through Edgars stores, serves principally middle and upper income markets; Discount division including Jet, JetMart and Legit, serves principally middle to lower income markets; and CNA, the Group’s stationery, books, games, movies, music, hi-tech electronics and mobile retailer. The Edcon Credit and financial services division provides credit and insurance products to the Group’s customers. With the launch of its “Thank U” loyalty programme, Edcon now has the largest retail customer database in South Africa with more than 12 million customers, which enables it to provide customers with relevant offers across its suite of retail and financial services products; this programme includes all mono-branded stores in South Africa.

  • Edgars
  • Jet
  • CNA
  • Red Square
  • Edgars Active
  • Boardmans