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Foschini owner TFG scales back expansion as load shedding and interest rates bite

Nick Wilson

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Foschini owner TFG is scaling back on its store expansion amid a difficult South African operating environment.

Foschini owner TFG is scaling back on its store expansion amid a difficult South African operating environment.

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Foschini and JET owner TFG is battening down the hatches to prepare for deteriorating local economic conditions, saying it will be scaling back its store expansion as it looks to it current 2024 year as one of consolidation.

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