LONDON/JOHANNESBURG Shares in South African investment firm Brait plunged more than 20 percent on Monday after its British fashion chain New Look announced a deal with creditors to cut 1 billion pounds off its debts, in its latest turnaround attempt.
JOHANNESBURG, Nov 12 South African investment
house Brait SE reported a fall in net asset value for
the first half of its financial year, weighed down by a tough
trading environment in both South Africa and the United Kingdom.