GOLD BRANDS INVESTMENTS LIMITED - Goldbrands Completes Acquisition of Mama Chakas
GBI 201609060011A
Goldbrands Completes Acquisition of Mama Chakas
GOLD BRANDS INVESTMENTS LIMITED
Incorporated in the Republic of South Africa
Registration Number: 2015/168426/06
Share code on the JSE: GBI
ISIN: ZAE 000212791
("Gold Brands" or "the Company" or "GBI")
Gold Brands completes acquisition of Mama Chaka's
River Group is authorised to announce that the acquisition of Mama Chakas as announced on SENS on 20 June 2016
has been completed with the due diligence and all the conditions precedent having been successfully finalised.
The first Mama Chaka's was opened in Guguletu in the outskirts of Cape Town in November 2014. There are currently 14
stores operational in the Western Cape with and extra 100 planned over the next 12 months. Mama Chaka's retail products
are also sold through 35 forecourt stores currently building to 150 over
the next 12 months.
For more on Mama Chaka's visit www.mamachakas.co.za
Johannesburg
6 September 2016
Designated Advisor
River Group
Date: 06/09/2016 09:07:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
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