Ellerines
latest news & developments
Ellerine jobs saved as regulator recommends Shoprite offer
The Competition Commission has recommended an offer by the retail giant to acquire the stores and staff of the failed furnisher.
JD reports loss and halts dividend as credit sales fall
The furniture retailer’s balance sheet was burdened by climbing bad loans and restructuring within the group.
JD Group shares jump on imminent lending unit sale
The struggling retailer’s shares rose on news that it had found a buyer for its loan book, allowing it to focus on its retailing and product range.
African Bank splits to isolate loans in Reserve Bank rescue
The Reserve Bank has placed the sinking lender under curatorship in a bid to save investors.
Freak out: why African Bank’s record loss has left the market unphased
A larger than expected loss has not phased investors who believe better days are ahead for the countries largest unsecured lender.
African Bank to sell Ellerines, raise R4bn to boost capital
African Bank Investments aims to raise R4-billion through a Goldman Sachs rights offering and the sale of furniture retailer Ellerines.
Marikana miners in debt sinkhole
High levels of credit may have contributed to the cocktail of factors that led to the bloody clashes between police and Lonmin strikers.