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Reviewed interim results for 6 months ended 25 June 2017

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The six months to June 2017 rank amongst the most difficult trading conditions in recent memory, not just in South Africa but in most of the 12 other African countries where we have stores. Three broad trends were strongly evident during the period: as a result of very weak consumer confidence levels, Food & Liquor performed relatively better than most discretionary items within the General Merchandise and Home Improvement categories; as most major commodities moved into deflation in South Africa, the wholesale / informal channel de-stocked aggressively; and the impact of weaker African currencies caused reported Rand sales growth to be lower from those countries.

Click here to view the reviewed interim consolidated results for the 26 weeks ended 25 June 2017

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