Essential services such as grocers and pharmacies will operate during the 21-day-period. but clothing stores such as Edgars and Jet may not be able to reopen after the coronavirus 21-days lockdown period.
More than 1,000 Edcon’s clothing stores will close, and that will cost the retailer about R800-million in sales. That’s according Edcon CEO Grant Pattison who told suppliers on the eve of the lockdown that March revenue will be R400-million below forecasts. It’s a devastating blow to Edcon suppliers.
Grant Pattison told suppliers during a conference call that the company only has sufficient liquidity to pay salaries, and is unable to honour any other accounts payable during the period.
WATCH:
Kaizer Chiefs legend Willard Katsande suspended by PSL
Prison warder to face the music for having sex with an inmate
DJ Heavy K and his wife Ntombi Nguse divorce
How having sex in the workplace can ruin your career
Benni McCarthy becomes the highest-paid South African in football history
