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Performance summary
WEAK SALES IN DIFFICULT ENVIRONMENT
2.9%
R90.9 billion
2017: R88.4 billion*
TRADING PROFIT BEFORE INTEREST AND TAX IMPACTED BY MARGIN PRESSURE
16.8%
R2.1 billion
2017: R2.5 billion^
HEADLINE EARNINGS BEFORE RESTRUCTURE COSTS (TAXED)
22.9%
R1.0 billion
2017: R1.3 billion^
HEADLINE EARNINGS
31.7%
R901.2 million
2017: R1.3 billion^

Financial performance impacted by:

  • Game and Masscash restructure and relocation and continued distraction at Game
  • Commodities and Durable Goods deflation
  • VAT increase
  • Negative comparable sales in November and December 2018
  • Negative adjustments for inventory and cost of sales in Massfresh, Masswarehouse’s fresh Food Wholesaler

* Like-on-like 52-week basis
^ Restated

Sustaining Value
R125m
IN SAVINGS FROM A FOCUS ON GROUP-WIDE LOGISTICS EFFICIENCIES
2017: R100 million
INVESTED
R230.2m
IN EMPLOYEE TRAINING AND DEVELOPMENT
2017: R112.1 million
STAFF TURNOVER
20.0%
2017: 10.4%
GROUP ENERGY EFFICIENCY INCREASED
3.9%
TO 204.9 KWH/M2
2017: 213.1 kWh/m2
R254m
PROCURED FROM SUPPLIER DEVELOPMENT PROGRAMME
2017: R200 million
80.81
(LEVEL 4) BBBEE SCORE ACHIEVED
2017: 66.63 (Level 7)
45%
OF THE MEMBERS OF OUR BOARD ARE FEMALE
2017: 33.3%
WE’VE SAVED OUR CUSTOMERS
R2.5bn
THROUGH OUR PROMOTIONS
2017: R2.2 billion