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Is South African Clothing Retailer Edcon Too Big to Fail?
JOHANNESBURG (Capital Markets in Africa) – South Africa’s national power utility’s woes have threatened to shut down industries, while the flagship airline has received repeated bailouts to keep it afloat. Now, a scramble to help a retailer that sells school shoes and fast fashion suggests it, too, may to be seen as too big to fail. Edcon Holdings Ltd. has 30,000 employees, a supply chain that includes 750 companies and floor space that accounts for a…
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