What does the shop CNA stand for?
Central News Agency or Consolidated News Agencies, better known simply as CNA, is a South African retail chain of stationery and book stores.
Who started CNA in South Africa?
CNA’s long history Founded in 1896 in Johannesburg by Michael Davis and Albert Lindbergh, Central News Agency or Consolidated News Agencies, a seller and distributor of newspapers, by 1904 had stores across the country and continued to expand to meet demand for news during World War 1.
What does CNA sell?
CNA is part of the EDCON Group, a leading South African retail giant with brands in clothing, footwear homeware, and stationary. The CNA division of the Edcon Group is constantly growing and has categories in electronics, writing material, stationary, books and mobile phones.
What has happened to CNA?
The 125-year-old stationery retailer CNA has been placed in business rescue, its management team confirmed on Tuesday. Business rescue means that a company gets breathing space from debt and other repayments, while business rescue practitioners take full management control.
Is CNA still part of edcon?
Edcon Group says it has sold stationery retailer, CNA to a consortium of investors led by JSE-listed Astoria Investments. The sale will include all 167 CNA stores as well as all brands and trademarks, with the business continuing to trade under the CNA brand name.
Who owns PNA South Africa?
Piet Venter – Owner
Piet Venter – Owner – PNA | LinkedIn.
How old is CNA South Africa?
Established in 1896 , CNA has a footprint of 163 stores in South Africa and selected stores in Namibia , Botswana, Lesotho and Swaziland.
How many stores does CNA have?
CNA has new owners – here’s what to expect from its 167 stores.
Has CNA closed down?
The company ended up in business rescue, and was dissolved last year, with all of its subsidiaries sold off. Makwe Masilela chief investment officer at Makwe Fund Managers, says CNA’s problems were exacerbated by being part of the Edgars stable.
Is CNA still part of Edcon?
Is CNA still in South Africa?
Has CNA been sold?
In February 2020, Edcon, then owner of Edgars and Jet, sold CNA for R1 to private-equity fund Astoria Investments and Benjamin Trisk, the former CEO of Exclusive Books, and a group of senior management who had worked at Exclusive Books.