TFG to spend R200m to keep the lights on
Retailer loses almost R400m in sales over six months because of Eskom’s persistent power cuts
11 November 2022 - 10:33
UPDATED 13 October 2022 - 18:55
Clothing manufacturer and retailer TFG will invest about R200m to deal with persistent load-shedding, which cost it “at least” R400m in revenue in the six months to end-September.
The owner of Foschini, Markham, Jet and Fabiani will install backup power and deploy mobile point-of-sale devices after losing almost 132,000 trading hours to rolling national power cuts, CEO Anthony Thunström said at the group’s interim results presentation on Friday...
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