2024

INTEGRATED REPORT

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Chairman's report

Focusing on long-term value creation for our shareholders

The Group's financial performance in the reporting period was notably impacted by a decline in retail sales experienced by Truworths in South Africa which had a cascading effect on the income statement. However, the benefits of the Group's diversification strategy were evident in the sustained performance of Office in the UK, which contributed 32% of the Group's retail sales and 35% of profit on a pro forma basis.

CASH GENERATED FROM OPERATIONS increased by 23.2% to R4.7 billion (2023: R3.8 billion)

2024

INTEGRATED REPORT