Truworths International News

Shoppers walk past an Edgars store at a shopping center in Soweto, southwest of Johannesburg. Credit: Reuters/Siphiwe Sibeko

Bain in $1.5 billion South African Edcon debt for equity deal

Private equity firm Bain Capital has agreed a debt for equity swap deal valued at $1.5 billion for Edcon, the chief executive of the South African clothes retailer said last Tuesday.

South African supermarket chain Pick n Pay to partner with AG Leventis in Nigeria expansion move

South African supermarket chain Pick n Pay to partner with AG Leventis in Nigeria expansion move

South African supermarket operator Pick n Pay plans to expand into Nigeria next year through a partnership with a local conglomerate, as it seeks to reduce its reliance on its home market, it said on Tuesday.

South Africa's $340 million Mall of Africa set to open this month

The largest mall in Africa: South Africa's $340 million Mall of Africa set to open this month

South Africa’s largest shopping center development to date, the $340 million Mall of Africa, will be fully operational in 17 days — on 28 April 2016.

Two Rivers - Kenya

Check out these four mega mall developments soon to be launched in Africa (Photos & Videos)

It’s one of the clearest expressions of the growing middle class in many African countries — a burgeoning demand for shopping malls, each more lavish than the one before.

South Africa's Truworths in talks about $462M bid for British footwear retailer Office

South Africa's Truworths in talks about $462M bid for British footwear retailer Office

South African fashion retailer Truworths International said on Monday it was in talks with privately owned shoe chain Office about acquiring the British company.

A customer browses men's shoes in the footwear department inside a Truworths fashion store in Sandton, South Africa

Investing in Africa: How investors are tapping into a new middle class

These days, oil, cocoa and precious metals aren’t the only things that are attracting foreign investors to Africa.

Johannesburg skyline | Source: Shutterstock

In South Africa, more evolution than revolution

When Khanyi Dhlomo opened a plush designer boutique here late last year, it revealed as much about the national psyche as it did about the local fashion industry.