WATCH: Why Edcon is still battling to survive
Edcon CEO Grant Pattison talks to Business Day TV about the state of the company
Edcon is still struggling, despite securing a R2.7bn capitalisation plan in March 2019 in which lenders, including the Public Investment Corporation (PIC), freed it of all interest-bearing debt in exchange for shareholdings.
The owner of Jet and Edgars is under pressure and has been forced to close stores. ..