Edgars HY2023 Financial Results

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July 15, 2020

The Board of Directors of Edgars Stores Limited is pleased to announce the appointment of

Ms TJELUDO NDLOVU
as the Group Chief Executive Officer
with effect from 1 July 2020.

Tjeludo is a career woman who holds among others, the Chartered Accountant (Zimbabwe) qualification. She joined the Edgars Group 8 years ago, coming from the profession where she had risen to the position of Audit Manager. She joined the Group as Group Financial Accountant, a role in which she doubled up as Company Secretary. Having distinguished herself in that role, she was elevated to Managing Director for the Jet Chain and later to Managing Director of the Edgars Chain.

Tjeludo takes reigns of the business at a time of great economic difficulty in our country, compounded by the advent of the Covid-19 pandemic. The Board is confident that she will be equal to the task at hand.

TN Sibanda
Board Chairman


The Board of Directors of Edgars Stores Limited is pleased to announce the appointment of

MR BRIGHT NDLOVU
as the Chief Finance Officer
with effect from 1 June 2020.

A qualified Chartered Accountant, Bright is also as Associate Chartered Management Accountant (CIMA) and a holder of a Master of Business Leadership (UNISA).

Bright joined the Edgars Group in 2011 as the Group Credit Executive. He later led management effort in the creation of Club Plus, our microfinance unit, which has been witnessing significant growth. Recently, he has led the transformation of Group Credit into the Financial Services division. He is therefore well versed with the Group’s management systems and will provide a significant measure of continuity in the department.

We wish him well in his new responsibilities during a time of very difficult economic conditions.

TN Sibanda
Board Chairman