Tymebank has announced that last week Tuesday, it had reached an agreement with The Foshini Group (TFG) to allow Tymebank users to buy items at their stores at half price and still take it home on the same day. The outstanding balance will be paid over 2 months with interest free terms.
TFG group on Monday made an announcement that it's gonna purchase all Jet stores from Edcon for R480 million, signalling it's extension into discount retail clothing and footwear. TFG sent an offer proposal to Edcon business rescue practitioners and they have accepted all the terms and conditions made by the group. TFG is the South African leading retailer of clothing and footwear. It is mainly known by supplying it's customers with discount credit and cash payment. TFG chief executive Anthony Thunstrom told
Sportscene has been one of the best shops which promoted and uplifted the sneaker culture or rather the street culture wear in South Africa from africa.from brands like Nike,Reebok,Adidas and even timberland just to name a few. The TFG owned shop has been making waves and never disappointed ever since established.yesterday the tweeps took to Twitter bashing and trashing sportscene saying they sell fake. After samkelo Ndlovu the actress of Rhythm city posted her picture wearing air force shadows which she bought
Tymebank has declared that last week Tuesday, it had agreed with The Foshini Group (TFG) to permit Tymebank clients to purchase things at their stores at discounted and still take it home around the same time. The remarkable equilibrium will be paid more than 2 months with interest free terms.
In March 2020, the President of South Africa introduced lockdown due to Covid-19 that had attacked and killed people in the country and all over the world. During lockdown businesses suffered financially, some had to retrench staff, some closed their doors permanently leaving employees destitute and in financial crisis too.Jet Stores closed its doors permanently as well leaving many bread winners unemployed and struggling to support their families. But The Foschini Group(TFG) came to the rescue and acquired
By: Thomas Lethoba Edcon in which has been a go-to place for majority of South African shoppers for almost a century, has finally kissed a good bye to one of their most dominant Jet stores, as the deal between Edcon and The Foschini Group has been concluded. Last month, Edcon announced that it will offload their 371 Jet stores and more than 22,000 employees were served with retrenchments notices amid the cimpany's financial constraints. Earlier this year Edcon applied for bankruptcy, as it had major problems
Style and way of life retailer TFG authoritatively opened its most recent Prestige Clothing production line in Johannesburg, which has been exceptionally intended for a meeting disabled labor force. Through TFG's inclusion with Proudly SA, an association was made with St Vincent School of the Deaf in 2019.
https://www.news24.com/fin24/Companies/Banks/tymebank-to-offer-affordable-banking-services-to-tfg-customers-20211005 TymeBank and TFG will before long dispatch a marked charge card for the style and way of life retailer's clients, as a component of another association. In an assertion on Tuesday, the bank said notwithstanding the charge card, TFG's client base - comprised of in excess of 26 million individuals in South Africa - will approach the bank's monetary items available and on computerized stages.
Most South Africans are probably familiar with Old Mutual as many have invested most of their money with the registeres financial provider, now what a lot of people don't know is the investments portfolio of Old Mutual. The money that Old Mutual takes from most of it clients as an investment sum is actually invested in other companies in order to raise the Return On Investment(ROI) of its clients. One of the companies Old Mutual has invested in is The Foshini Group(TFG),it was never specified how much Old Mutual
Make no mistakes about it, most people in South Africa especially the youth know what sportscene is and what ut represents when it comes to selling clothes.Although many know sportscene as being under the TFG group, they weren't the founders of the brand.
A few months back, Edcon, the company that owns Jet and Edgars anounced that it was struggling to stay afloat and because of this predicament, they sought investors to inject capital into the company as means to help it survive but the plight failed; as a result they were planning to sell some of their stores and this would automatically mean many families would struggle and the unemployment rate would skyrocket, as people would lose jobs. On Monday the 13th, TFG announced it was hoping to purchase 371 "viable"
Foschini swoops on Jet, a unit of troubled Edcon. Has submitted conditional offer to acquire 371 commercially viable JET stores/selected assets for R480 million cash. This also includes transfer of selected key executives and staff of JET to ensure sufficient management capacity. The Foschini Group is buying 371 commercially viable Jet stores from Edcon after Edcon BRPs accepted TFG conditional offer at a cost of R480m. I'm glad they are taking on employees as well, albeit on a "renegotiated basis". While most
Christmas is coming and while your stokvel will stock your grocery cupboards and fridge, the kids need new clothes or maybe there's that couch you've had your eye on. Instead of borrowing the cash or opening an account, perhaps it's time to consider layby. A layby purchase allows you to pick items that you would like to have and pay them off over a period specified by the store with no interest. No credit checks apply to this method because the shop keeps your goods in-store until you've paid them off. Here
South Africa's leading retail and logistics group, TFG (The Foshini Group) informed its employees at the Midrand Distribution Center that one of their colleagues had tested positive for Covid19 and that business would proceed as usual. The company says it came to the understanding that one of its workers had tested positive for Covid19 and claims to have swiftly disinfected the whole Distribution Center overnight. Staff members were told by management that the necessary precautions were taken and that it was
On Monday the Foschini group(TFG) said is preparing to purchase some stores and selected asset of JET from EDCON. This will really saves thousands of jobs as the EDCON was already planning to retrench 22 000 of it's staff members. The decision is not yet final as they are busy with paperwork and waiting for the court to decide. But I think the Foschini Group made the right decision. This will also help the country economy because retail is playing a huge role in the economy. However it is not clear if the company
17/10/2020 Source: business insider Its already obvious that almost every retail shop has a product that was imported from other countries like China, Australia etc. But now, some SA's clothing retailers have seen it fit to increase the demand of local product by increasing the percentage of merchandise that they get from the local manufacturer's. The use of local manufactures allows the clothing retailers to respond faster to the change in fashion styles thus allowing them to quickly increase production and