Analysing Edcon’s Bernie Brookes move

Edcon claims to be Southern Africa’s largest non-food retailer and while they are operating in a few surrounding third world countries such as Zimbabwe and Ghana, the bulk of their operations are in South Africa. Edgars is by far their largest brand, with others also in the mix, including Jet, a discount variety of Edgars. The CEO, Jurgen Schreiber, has a contract until April 1, 2016. He will be on gardening leave from August 15, next week. His remuneration is about ZAR20 million per annum

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