PRESS INFORMATION
Steers Holdings Limited
ISIN: ZAE000008330
JSE Share code: STE
PRESS INFORMATION STEERS HOLDINGS FULLY OPERATIONAL
Johannesburg, 12 June 2003: Steers Holdings Group Financial Director, Paris
Papageorgiou, announced earlier that the company had met its commitment to
stakeholders that it would be fully operational within 24 hours, following a
fire at its warehouse.
Papageorgiou said: "I am pleased to confirm that the operations of the company
have been restored, with minimal inconvenience to our franchise network and our
customers."
As at this morning, the company"s butchery and bakery delivered to franchisees
in accordance with delivery schedules. Alternative warehousing has been
arranged in the interim, and deliveries from suppliers were received on schedule
this morning.
Papageorgiou continues: "We have obtained access to our production facilities
and are in the process of cleaning the premises, after which production will
start up this afternoon. Delivery of sauces and spices to the franchise network
will not be affected."
"Although our telecommunications network is not fully operational, our
administration department is functioning," he added.
A further statement regarding the cause and cost of the fire will be issued once
all official procedures have been completed.
Media enquiries to:
Del-Maree English
Tel: 011 803 1212
Cell: 083 395 8608
Date: 12/06/2003 02:48:37 PM Supplied by www.sharenet.co.za
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