TRUWORTHS INTERNATIONAL LIMITED
May 4, 2001
TRUWORTHS HALTS PLAN FOR PERSONAL LOANS
Fashion retailer Truworths International Ltd said today it would not proceed
further with plans to offer personal loans to selected account holders on a
pilot basis.
Truworths announced in February that the proposed loans offering would be
undertaken by a newly formed company as a joint venture with Woolworths
Financial Services (Pty) Ltd, a specialist provider of financial services in
the retail industry.
Truworths said both parties had mutually agreed after review to withdraw from
the pilot venture.
Truworths said it would in time offer other products in conjunction with its
existing offering of life insurance, under the Trucover banner.
- ends -
ISSUED FOR: Truworths International
BY: De Kock & Kerkhoff Communication Consultants
INQUIRIES: Wayne van der Merwe, 021 - 460 7955
Kathy Olsen, 021 - 460 7910
Mike Kerkhoff, 021 - 424 5280
De Kock & Kerkhoff Communication
Consultants
P O Box 2789 Cape Town 8000
Tel 27 + 21 + 424-5280
Fax 27 + 21 + 424-5290
mike@dkk.co.za
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