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Edcon Limited
Edcon Limited was a retail company based in Johannesburg, South Africa. Its subsidiaries included Edgars, a department store with 203 branches. In 2020, the Competition Tribunal approved the sale of the Edgars division to Retailability (pty) Ltd, and Jet to The Foschini Group. History Edcon Ltd was the leading clothing, footwear and textiles (CFT) retailing group in South Africa trading through a range of retail formats. The first Edgars store was opened on 6 September 1929 in Joubert Street, Johannesburg by Eli Ross. It was listed on the Johannesburg Stock Exchange in 1949 and opened its first stores outside of South Africa in Botswana, Lesotho and Swaziland (now Eswatini) in 1966-69. Since then, the Company had grown to ten retail brands trading in (as of 2014) over 1400 stores in South Africa, Botswana, Namibia, Eswatini, Lesotho, Ghana, Zimbabwe and Zambia. In 1982 the company, still known as Edgars, was acquired by South African Breweries. It launched its Red Square re ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Public Company
A public company is a company whose ownership is organized via shares of stock which are intended to be freely traded on a stock exchange or in over-the-counter markets. A public (publicly traded) company can be listed on a stock exchange (listed company), which facilitates the trade of shares, or not (unlisted public company). In some jurisdictions, public companies over a certain size must be listed on an exchange. In most cases, public companies are ''private'' enterprises in the ''private'' sector, and "public" emphasizes their reporting and trading on the public markets. Public companies are formed within the legal systems of particular states, and therefore have associations and formal designations which are distinct and separate in the polity in which they reside. In the United States, for example, a public company is usually a type of corporation (though a corporation need not be a public company), in the United Kingdom it is usually a public limited company (plc), i ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Johannesburg Stock Exchange
JSE Limited (previously the JSE Securities Exchange and the Johannesburg Stock Exchange) is the largest stock exchange in Africa. It is located in Sandton, Johannesburg, South Africa, after it moved from downtown Johannesburg in 2000. In 2003 the JSE had an estimated 473 listed companies and a market capitalisation of US$182.6 billion (€158 billion), as well as an average monthly traded value of US$6.399 billion (€5.5 billion). As of March 2022, the market capitalisation of the JSE was at US$1.36 trillion. History The discovery of gold on the Witwatersrand in 1886 led to many mining and financial companies opening and a need soon arose for a stock exchange. The first share transactions on the Rand took place in a rustic canvas tent, with trade taking place on Sundays, as this was the only day when mining was not allowed, owing to a strictly enforced regulation prohibiting the entry of African workers to the gold reefs. The ''Johannesburg Exchange & Chambers Company'' was ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Johannesburg Securities Exchange
JSE Limited (previously the JSE Securities Exchange and the Johannesburg Stock Exchange) is the largest stock exchange in Africa. It is located in Sandton, Johannesburg, South Africa, after it moved from downtown Johannesburg in 2000. In 2003 the JSE had an estimated 473 listed companies and a market capitalisation of US$182.6 billion (€158 billion), as well as an average monthly traded value of US$6.399 billion (€5.5 billion). As of March 2022, the market capitalisation of the JSE was at US$1.36 trillion. History The discovery of gold on the Witwatersrand in 1886 led to many mining and financial companies opening and a need soon arose for a stock exchange. The first share transactions on the Rand took place in a rustic canvas tent, with trade taking place on Sundays, as this was the only day when mining was not allowed, owing to a strictly enforced regulation prohibiting the entry of African workers to the gold reefs. The ''Johannesburg Exchange & Chambers Company'' was ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Stock
In finance, stock (also capital stock) consists of all the shares by which ownership of a corporation or company is divided.Longman Business English Dictionary: "stock - ''especially AmE'' one of the shares into which ownership of a company is divided, or these shares considered together" "When a company issues shares or stocks ''especially AmE'', it makes them available for people to buy for the first time." (Especially in American English, the word "stocks" is also used to refer to shares.) A single share of the stock means fractional ownership of the corporation in proportion to the total number of shares. This typically entitles the shareholder (stockholder) to that fraction of the company's earnings, proceeds from liquidation of assets (after discharge of all senior claims such as secured and unsecured debt), or voting power, often dividing these up in proportion to the amount of money each stockholder has invested. Not all stock is necessarily equal, as certain classe ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Edgars (company)
Edgars is a Johannesburg-based chain of stores present all over Southern Africa. The department store was previously selling clothing, shoes, homeware & beauty and under new leadership has recently shifted its focus to mass-market fashion and beauty products. The chain had just around 200 stores, with multiple locations in South Africa, Namibia, Zambia and Botswana as well as in the capital cities of eSwatini (Swaziland), Lesotho, and Ghana when it was sold to Durban based, private fashion company Retailability in 2020. History Edgars was founded in Johannesburg, South Africa in 1929. As part of Edcon, Edgars was included in an ill-fated buyout by U.S. private equity firm Bain Capital Private Equity LP in 2007, which burdened the parent company with debt just as the economy hit a downturn following the global financial crisis. In 2014 Edgars opened at a new 50,000 square meter shopping centre in Nairobi, Kenya. In 2018 Edgars introduced a new, larger 8,000 square meter store ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Cyril Ramaphosa
Matamela Cyril Ramaphosa (born 17 November 1952) is a South African businessman and politician who is currently serving as the fifth democratically elected president of South Africa. Formerly an anti-apartheid activist, trade union leader, and businessman, Ramaphosa is also the president of the African National Congress (ANC). Ramaphosa rose to national prominence as secretary general of South Africa's biggest and most powerful trade union, the National Union of Mineworkers. In 1991, he was elected ANC secretary general under ANC president Nelson Mandela and became the ANC's chief negotiator during the negotiations that ended apartheid. He was elected chairperson of the Constitutional Assembly after the country's first fully democratic elections in 1994 and some observers believed that he was Mandela's preferred successor. However, Ramaphosa resigned from politics in 1996 and became well known as a businessman, including as an owner of McDonald's South Africa, chair of the ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
South African Federation Of Trade Unions
The South African Federation of Trade Unions (SAFTU) is a trade union federation in South Africa South Africa, officially the Republic of South Africa (RSA), is the Southern Africa, southernmost country in Africa. It is bounded to the south by of coastline that stretch along the Atlantic Ocean, South Atlantic and Indian Oceans; to the .... It was founded in 2017, and is the second largest of the country’s main trade union confederations, with 21 affiliated trade unions organising 800,000 workers. Affiliates Current affiliates The following unions were affiliated in 2021: Former affiliates References 2017 establishments in South Africa National trade union centres of South Africa Trade unions established in 2017 {{Africa-trade-union-stub ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Indirect Job
Investments into an industry or project can produce temporary and long-term employment. The resulting jobs are typically categorized as being one of three types. A direct job is employment created to fulfill the emand for a product or service. An indirect job is a job that exists to produce the goods and services needed by the workers with direct jobs. Indirect employment includes the things need direct on the job as well as jobs produced because of the worker's needs (e.g., uniforms). Employment created by the additional personal spending (e.g., eating at a restaurant) by both direct and indirect workers is classified as an induced job. Projects may produce temporary and long-term jobs. Construction and installation jobs may be temporary. Operations and maintenance jobs tend to be long term. Examples Efficiency of job production Investments in some projects or industries are more efficient at producing direct and indirect jobs. For example, investing US$1,000,000 in the ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
The Sunday Times (South Africa)
The'' Sunday Times'' is South Africa's biggest Sunday newspaper. Established in 1906, the ''Sunday Times'' is distributed all over South Africa and in neighbouring countries such as Lesotho, Botswana, and Eswatini. History The ''Sunday Times'' was first published on 4 February 1906 as a weekly, sister publication of the ''Rand Daily Mail'' which at the time was "standing alone" against its rival ''Transvaal Leader''. Founding editor George Herbert Kingswell introduced the slogan "A Paper for the People". It was later changed to "The Paper for the People", a slogan that is still in use today. For the first edition of the paper, published on 4 February 1906, 11,600 copies were printed and soon sold out, forcing the paper to print an additional 5000 copies. By November 1909 the paper sales had risen to 35,000. In 1992, the former columnist Jani Allan sued the British broadcaster Channel 4 for libel over affair allegations involving her and Eugene Terre'Blanche. Allan had intervi ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Sunday Times (South Africa)
The'' Sunday Times'' is South Africa's biggest Sunday newspaper. Established in 1906, the ''Sunday Times'' is distributed all over South Africa and in neighbouring countries such as Lesotho, Botswana, and Eswatini. History The ''Sunday Times'' was first published on 4 February 1906 as a weekly, sister publication of the ''Rand Daily Mail'' which at the time was "standing alone" against its rival ''Transvaal Leader''. Founding editor George Herbert Kingswell introduced the slogan "A Paper for the People". It was later changed to "The Paper for the People", a slogan that is still in use today. For the first edition of the paper, published on 4 February 1906, 11,600 copies were printed and soon sold out, forcing the paper to print an additional 5000 copies. By November 1909 the paper sales had risen to 35,000. In 1992, the former columnist Jani Allan sued the British broadcaster Channel 4 for libel over affair allegations involving her and Eugene Terre'Blanche. Allan had intervi ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Online Shopping
Online shopping is a form of electronic commerce which allows consumers to directly buy goods or services from a seller over the Internet using a web browser or a mobile app. Consumers find a product of interest by visiting the website of the retailer directly or by searching among alternative vendors using a shopping search engine, which displays the same product's availability and pricing at different e-retailers. As of 2020, customers can shop online using a range of different computers and devices, including desktop computers, laptops, tablet computers and smartphones. An online shop evokes the physical analogy of buying products or services at a regular "bricks-and-mortar" retailer or shopping center; the process is called business-to-consumer (B2C) online shopping. When an online store is set up to enable businesses to buy from another businesses, the process is called business-to-business (B2B) online shopping. A typical online store enables the customer to browse the ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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