Following various announcements made by Edcon over recent months in relation to the recapitalisation of the business, the Group has advanced the process sufficiently to provide a further update to all stakeholders. 

APEXHI Properties will spend R1bn between now and next year to refurbish its properties.

The acquisition of 140 CNA stores, combined with the group's recent purchase of cash discounters, Super Mart, is expected to add about R2bn in revenue to Edgars Consolidated (Edcon) over the next two years, CE Steve Ross said yesterday.