A word from our CEO, Mitch Slape
The period has been characterised by continued group-wide expense control and margin growth. This together with strong Builders Home Improvement and Makro General Merchandise and Liquor sales has contributed to a much improved trading profit performance. We achieved this in a demanding trading environment notable for; continued disruption to liquor sales, poor food, liquor and consumables demand amongst our core business-to-business Hotel, Restaurant and Catering (HORECA) customers, and constrained middle income discretionary spending on durable goods.
2021 at a glance
Our 411 Retail and Wholesale store operating in 13 sub-Saharan countries.