Revenue up
4% to R8.4bn

Trading profit
up 17% to R899m

Operating profit
before net
impairment
losses down
62% to R259m

Net impairment
losses up from
R10m to R2.4bn

Cash generated
from operations
before working
capital down
45% to R591m

Group funding covenants
complied with
Net debt:EBITDA
2.9x (threshold: ≤3.0x)
EBITDA:interest cover
3.4x (threshold: ≥3.0x)

Refinancing of Group
debt package
The requirement for
a rights offer of R1.5bn
has been reduced to
a maximum of R1.0bn