S&V Weekly Newsletter Vol.5 No.34, August 26, 2019
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Retail last week
Comment from 4 retailers on Saturday
Stock Exchange News Service (SENS) release
Shoprite final results June
Cape Town, W Cape, SA (August 20, 2019) – Sale of merchandise increased by 3.6% R150.4 billion (2018: R145.1 billion), gross profit grew 1.8% to R35.3 billion (2018: R34.7 billion) whilst operating profit was 8.2% lower at R6.9 billion (2018: R7.5 billion). Profit attributable to owners of the parent was recorded at R4.3 billion (2018: R5.2 billion). Furthermore, headline earnings per share decreased by 19.6% to R780.8 cents per share (2018: R971.4 cents per share).
Steinhoff Investment - preference dividend
Cape Town, W Cape, SA (August 21, 2019) – The board of directors of the Company has declared a gross dividend of 491.15754 cents per share, payable on Monday 14 October 2019 in respect of the period 1 January 2019 to 30 June 2019 ("the preference dividend" ), payable to the shareholders, recorded in the books of the Company at the close of business on Friday 11 October 2019, of the 15 000 000 cumulative, non-redeemable, non-participating, variable rate preference shares issued by the Company ("the preference shares").
Mr Price trading update
Durban, KZN, SA (August 22, 2019) – During the first four months (18 weeks to 3 August 2019)(the "Period") of the financial year ending 28 March 2020, the group recorded growth in retail sales and other income of 1.1% to R7.5bn over the corresponding period in the prior year ("Corresponding Period").
They Said It
"But you shouldn't be driving at 80." - Chinese supplier to Greenaways Natal's Garth Ribbink, who turns 74 in November. "I told him to xxxx off," Ribbink said. "Cheeky little sod." In fact, he's a wonderful advertisement for the many benefits of staying fit.
S&V Directory - Order now
The directory is ready. On sale for R450. The online version is also available at R450 for 12 months' access.
2019 Trade Fairs Another essential service from S&V
Please note that we have put a list of the 2019 trade fairs and conferences on our website, linked to their websites: http://www.svmag.co.za/events
ABSA Agri Trends 13/08: Hides & skins prices
Hides: R1.57/kg. NB* Hide prices are determined by the average of the RMAA (Red Meat Abattoir Association) and independent companies.
26/08/1971: Sadia Edries, Rizzo Sales, Cape Town.
In Memoriam this week
27/08/2006: Keith Barkus (b. 08/04/1954), agent, Durban.
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Have a look at these links
We invite businesses to send us links to websites, Facebook pages and the like which they feel would be of interest to others. The links below are from our database:
News & Classifieds: Tony Dickson, +27 (0)31 209 7505, email@example.com
Next newsletter: September 2, 2019.