Walmart transaction and integration

In this period the Competition Appeal Court set down the final ruling of the Walmart transaction. There were two material adjustments being: the increase in the Supplier Development Fund from R100 million to R240 million; and the re-employment of the 503 previously retrenched employees.

The employees impacted by the retrenchment at Game were all offered re-instatement. Of the 316 employees who responded to this offer, 237 have been re-instated and the remaining 79 have received various other benefits.

The Supplier Development Fund is operational and has already made significant progress in wine, paint and chemical manufacture, and fresh produce.

The Walmart transaction costs are behind us and integration costs are now included as part of our normal operating costs.