TFG returns to profitability as business recovers from COVID-19 headwinds

The Foschini Group reinstated its interim dividend as buoyant shopping activity across its clothing, homeware and jewellery lines boosted first half profits. TFG’s headline earnings per share leaped 572 per cent to R39.34 cents per share. The interim dividend was pegged at R1.70 per share. Joining CNBC Africa is Anthony Thunstrom, Chief Executive Officer at The Foschini Group.