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Edgars bosses step down as shareholder tries on a new fit for troubled retailer

Edgars has replaced its CEO and its Chief Finance Officer, as majority shareholder Sub-Sahara Capital Group (SSCG) makes changes to shore up the struggling clothing retailer. Tjeludo Ndlovu has stepped down as CEO and leaves the company with effect from 31 October. She has been CEO of the company since 2020, when the company was…

Edgars guns for US dollar sales

A few months ago, Edgars Stores Limited, decided to display prices of merchandise in US dollars only. Since the re-introduction of the local currency, businesses displayed prices in Zimbabwe dollars only in contravention of the law that says prices should be displayed in both the US dollars and Zimbabwe dollars. Statutory Instrument 185 of 2020…

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