MSM
MSM
MSM - Massmart Holdings Limited - Sales Update
MASSMART HOLDINGS LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 1940/014066/06)
Share Code: MSM
ISIN Code: ZAE000029534
("Massmart" or "the Company")
Sales Update
Included in the Massmart annual financial statements released today is the
following paragraph:
"For the 14 weeks to 30 September 2007, total Group sales grew 12,5% with
comparable store sales growth of 10,7%. While the fundamental economic
environment is healthy, inflationary pressures remain. Combined, high real
wage increases, rising food inflation, high oil prices and widespread
capacity constraints run the risk of introducing secondary inflation. This
could herald a sustained period of CPIX outside of the Reserve Bank`s
target range with resultant higher interest rates."
"Notwithstanding the possibility of tighter monetary policy, the outlook
for growth looks good. Over and above the opportunities the economy
provides, we are doing things that will improve Massmart`s competitiveness
that should produce relatively superior growth of shareholder value."
Another sales update will be provided at the annual general meeting on
Wednesday, 21 November 2007.
Johannesburg
30 October 2007
Sponsor:
Deutsche Securities (SA) (Proprietary) Limited
Date: 30/10/2007 07:01:01 Produced by the JSE SENS Department.
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