Bloomberg Edgars needs buyers to make binding offers by the end of June to prevent the start of wind-up proceedings, putting at risk the future of a South African clothing chain that has traded for almost a century. Administrators for parent Edcon Holdings Ltd put the retailer up for sale alongside sister companies Jet and Thank U after measures to ...

Bloomberg Air Namibia grounded all international flights not already wiped out by the coronavirus after the country’s president, Hage Geingob, said the state carrier should be liquidated. The southwest African nation’s carrier has received about 8.3 billion Namibian dollars ($485 million) in government funding over the past two decades and Geingob said earlier this month the country “cannot afford to ...

Bloomberg The code name was “Apollo.” Its mission was to keep Cathay Pacific Airways Ltd alive. Hong Kong’s dominant airline had been in financial strife for months, its strong start to 2019 a distant memory. Social unrest in the city triggered a slump in passengers through the second half of last year. Then came the coronavirus pandemic, which forced Cathay ...