Progress with Vision 2012

Good progress is being made on all elements of our 2012 strategic action plan under the headings: Leadership and Transformation, Growth of the Core Business through investment in Supply Chain, Private Label and Financial Services, Organic Growth, Acquisitions, New Formats and Categories, and Sustainability.



National retail sales data confirms that consumers remained under intense pressure throughout the second-half of 2009. However, whilst not spectacular, there was evidence of a slight recovery in consumer spending over the Festive season.



Sales   Operating profit before foreign exchange movements




to R24 154 million   to R1 177 million
Cash generated from operations   Headline EPS




to R2 585 million   to 347 cents
Dividend per share    

252 cents