Steers Holdings Warehouse Fire Brought Under Contr
STEERS HOLDINGS WAREHOUSE FIRE BROUGHT UNDER CONTROL
Steers Holdings Limited
(Incorporated in the Republic of South Africa)
(Registration number 1969/004875/06)
("the company")
Share code: STE ISIN: ZAE000008330
STEERS HOLDINGS WAREHOUSE FIRE BROUGHT UNDER CONTROL
SUPPLY CHAIN NOT ADVERSELY AFFECTED
Steers Holdings announced earlier today that between 07h30 and 08h00 on
Wednesday, 11 June 2003, a fire broke out at the company"s warehouse,
situated in Midrand, Gauteng.
The fire has subsequently been brought under control. No injuries were
sustained.
Paris Papageorgiou, Group Financial Director notes that: "Whilst the
warehouse was burnt down, the company"s production facilities, namely the
butchery, bakery and sauce and spice operations remain intact, and minimal
disruption will be experienced. The supply chain to franchisees and the
public will not be adversely affected."
Papageorgiou says that warehouse stock which comprised third-party supplies
and company manufactured product can be replaced at short notice.
Alternative warehousing arrangements have been made in the interim.
The extent of the damage and cause of the fire will be investigated once the
site has been cleared.
ends
Media enquiries to:
Del-Maree English
Tel: 011 803 1212
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