JOHANNESBURG, Aug 26 - South African furniture
retailer JD Group on Monday sharply increased the
amount of money it sets aside to cover bad loans, the latest
sign that soaring personal debt is squeezing banks and shops in
Africa's top economy.
JOHANNESBURG, Aug 26 - South African retailer JD
Group reported a 10 percent drop in full-year earnings
on Monday and hiked its provision for bad loans, as debt-laden
customers in Africa's top economy continue to suffer.