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Forward-looking statements
The Integrated Report contains forward-looking statements which relate to the Group’s future financial position, results, strategy and operations. These statements by their nature involve risk and uncertainty as they relate to events and depend on factors and macro events that may occur or may change in the future.
Forward-looking statements are not statements of fact, but statements by the Group’s management based on its current estimates, expectations and assumptions regarding the future.
Several factors could cause actual results to differ materially from those in the forward-looking statements. These include but are not limited to global and national economic conditions; geopolitical events; natural disasters; changes to IFRS and tax rates with the associated impact on past, present and future periods; changes to legislation, exchange rate and interest rate movements; account management and the associated risks of lending; growth in trading space; merchandise clearance rates, inventory levels and stock turn; gross and operating margins; and competitive and regulatory events.
The Group does not undertake to update or revise any of these forward-looking statements, whether to reflect new information or future events, other than to comply with the JSE Listings Requirements. The forward-looking statements have not been reviewed or reported on by the Group’s independent auditor.
Forward-looking statements made by the Group at the time of releasing its 2024 financial results were informed by the Group’s Business Philosophy, business plans, financial projections and economic forecasts as at end August 2024.
