Notwithstanding our near-term focus on exceptional expense control and carefully evaluating capital expenditure, our strategic priorities remain unchanged:

     

To drive the growth and profitability of the core South African business over
the medium-term;

To expand further into Food Retail and the Fresh categories through new stores and our existing formats in South Africa;

Sub-Saharan African expansion through opening Builders Warehouse, Game and Masscash stores. In the next two years we anticipate opening 8 new stores representing ex-SA space growth of about 17.1%; and

To expand, improve and refine our online / ecommerce offerings in DionWired, Makro, Massbuild and Game.