The clothing retailer looks to bolster sales by enabling pressurized consumers to buy more on credit.
Following a cut in the benchmark rate, resulting record low yeilds have fuelled a demand for dicier securities.
Clothing retailer Edcon has posted a first-quarter loss in excess of R700mn as a result of operational disruptions and falling sales.
The clothing retailer posted a wider annual loss as changes in stores disrupted sales, but it expects trading results to improve from September.
Edgars Consolidated Stores has been appointed the official operator for the 2010 Fifa World Cup stores in South Africa, the soccer body announced on Wednesday. The official event stores will be in 160 branches of Edgars throughout the country, with the first shop scheduled to open later in November to coincide with the preliminary draw in Durban on November 25.