💨 Abstract

TFG, a South African retailer, reported a 12.7% sales increase to R29 billion in the last six months of 2025, driven by credit purchases and online growth. However, earnings per share are expected to drop by 20% due to rising customer debt, now at R9 billion. TFG’s credit-based model, supported by its Bash platform and TymeBank, saw an 8% rise in credit sales.

Courtesy: Ray Leathern