TFG, which has brands that include The Fix, Sportscene and Foschini, seems to have broken the Australian curse by excelling Down Under while other SA retailers, such as Woolworths and Pick n Pay, have had a terrible time in that country. Woolworths’ R21bn investment has lost half its value while Pick n Pay exited a decade ago.

TFG has released its trading update for the nine months ending December 2019 and boasts an 11% revenue increase in Australia, saying its Australian sales “continue to exceed expectations”.

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