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The half-year headline earnings of investment holding company Rex Trueform, owner of the Queenspark fashion retailer, plummeted more than 80% as its clothing stores made a loss.

The company owns 78 Queenspark stores, properties in Salt River, Cape Town, and holds a stake in SA Water Works Holding Company, a public-private partnership, which resulted from a move to diversify the apparel business in 2019. ..

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