Tuesday, 15 May 2007

S.African retail shares slide on bad debt concerns

(Reuters) - Shares in South African retail stocks slipped on Tuesday as bad debt concerns raised by furniture retailer JD Group hit credit-heavy retailers such as rival Ellerines.

Furniture group Ellerines fell more than 5 percent in early trade, but recovered to trade 2.07 percent down at 85 rand.


Read more at Reuters Africa

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