South African retailer The Foschini Group posts slower rise in half-year earnings

South African retailer The Foschini Group (TFG) reported a slower rise in half-year earnings on Thursday as low growth and red tape in credit sales weighed on the nation's retailers, sending its shares to an 8-month low. Headline EPS is the main profit measure in South Africa and strips away certain one-off items. South African clothing and furniture retailers rely heavily on in-store credit to boost sales, but new regulations introduced in September last year require customers to show bank stat