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03-Sep-2018
(Official Notice)
At the annual general meeting of TFG held on 3 September 2018, all the ordinary and special resolutions were passed by the requisite majority of votes, cast by way of poll in each case.
01-Aug-2018
(Official Notice)
As was announced on SENS on 12 March 2018 and 24 May 2018, Anthony Thunstr?m, currently the CFO of the Group, became the CEO Designate on 12 March 2018 and will assume the position of CEO on 3 September 2018. It was further announced that the board had commenced a process to recruit a CFO.



The board announced the appointment of Bongiwe Ntuli as CFO and executive director of the Group with effect from 14 January 2019. The appointment follows an extensive internal and external executive search.
13-Jul-2018
(Official Notice)
Shareholders of TFG are advised that the Integrated Annual Report containing the audited results for the year ended 31 March 2018 has been distributed to shareholders and published on the company?s website (http://www.tfglimited.co.za/investor-relations/financial_results/), today, 13 July 2018. In addition, shareholders are advised that the Integrated Annual Report contains abridged financial information and that the detailed annual financial statements are available in electronic copy on the TFG website (http://www.tfglimited.co.za/investor-relations/financial_results/). Hardcopies are also available upon request.



The financial information included in the Integrated Annual Report contains no material modifications to the reviewed preliminary condensed consolidated results that were published on SENS on 24 May 2018. The annual financial statements were audited by Deloitte - Touche, and their unqualified audit report is available for inspection at the company?s registered office.



Notice of annual general meeting

Shareholders are advised that a circular is being distributed together with the Integrated Annual Report. The circular includes the notice of the 81st annual general meeting of shareholders which will be held at 12h15 on 3 September 2018 at Stanley Lewis Centre, 340 Voortrekker Road, Parow East, Cape Town to transact business as stated in the notice of the annual general meeting.



Availability of broad-Based Black Economic Empowerment (B-BBEE compliance report and certificate)

Shareholders are advised that the annual compliance report and certificate in terms of Section 13G(2) of the B-BBEE Amendment Act No. 46 of 2013, is available on the company?s website (http://www.tfglimited.co.za/Sustainability/bbbee/).
24-May-2018
(C)
12-Mar-2018
(Official Notice)
TFG announces the following changes to its board:

*Doug Murray will retire as CEO of the Group, effective 3 September 2018 at the Company?s AGM, and will become a non-executive director on that date.

*Anthony Thunstr?m, currently the CFO of the Group, now becomes CEO Designate to ensure a smooth handover and will officially assume the position of CEO of the Group on Doug?s retirement at the AGM.

*A process to recruit a CFO will commence with immediate effect.

16-Jan-2018
(Official Notice)
13-Nov-2017
(Official Notice)
Shareholders are referred to the announcement released by the company on the Stock Exchange News Service of the JSE Ltd. on 2 November 2017 regarding the Group?s unaudited interim condensed consolidated results for the half-year ended 30 September 2017.



Pro forma constant currency information was disclosed in the interim results due to the volatile nature of currency fluctuations during the period, in order to illustrate the impact of GBP on the Group?s foreign operating segments using the corresponding prior period average rate. For certain key metrics (Group turnover, headline earnings excluding acquisition costs and headline earnings per share excluding acquisition costs), TFG London results were translated at the corresponding prior period average rate of R20.00:1GBP, compared to a current period average of R17.09:1GBP.



The pro forma constant currency information disclosed is the responsibility of the Group's directors. The pro forma constant currency information has been presented to illustrate the impact of changes in currency rates on the Group's results and may not fairly present the Group's results of operations.
07-Nov-2017
(Official Notice)
Shareholders of TFG are advised that TFG, through its United Kingdom (UK) subsidiary, TFG Brands (London) Ltd., has entered into an agreement to acquire the entire issued share capital of Hobbs, a contemporary British womenswear brand.



The agreement is subject to the fulfilment of certain conditions precedent normal for a transaction of this nature.



Hobbs currently has 140 outlets comprising standalone stores and concessions in the UK and is stocked in selected departmental stores across the world including Bloomingdales in the United States of America and Wohrl and SinLeffers in Germany. It also sells its merchandise online in 49 countries.



The addition of Hobbs to TFG's existing portfolio of brands will further position TFG as a leading fashion retailer not only in South Africa, but internationally, and will enhance its online presence.



This is not a categorised transaction for the purposes of section 9 of the JSE Listings Requirements.
02-Nov-2017
(C)
09-Oct-2017
(Official Notice)
Shareholders are advised in terms of paragraph 3.78 of the JSE Listings Requirements that Deloitte - Touche have been appointed as the Company?s external auditors, with Mr. Michael van Wyk as designated audit partner for the current financial year ending 31 March 2018, replacing KPMG Inc. The change in audit firm, which is effective immediately, was initiated by the Company following the concerns recently raised regarding KPMG.

06-Sep-2017
(Official Notice)
At the annual general meeting of TFG held today, 6 September 2017, all the ordinary and special resolutions were passed by the requisite majority of votes, cast by way of poll in each case.
01-Aug-2017
(Official Notice)
Shareholders are referred to the announcement released on Monday, 31 July 2017 regarding the launch of an accelerated bookbuild offering (the ?Bookbuild?).



TFG announces that it has successfully closed and priced the Bookbuild.



The Company has decided to increase the deal size to R2.5 billion on the back of strong demand. The placement will result in the issue of 17 241 380 TFG ordinary shares (?Bookbuild Shares?) to qualifying investors at a price of R145.00 per ordinary share for a total consideration of R2.5 billion. The sale price represents a 0.9% premium to the 30 day VWAP of R143.68 of TFG?s ordinary shares as at the close of trade on 31 July 2017.



An application will be made to the JSE for the listing of the Bookbuild Shares. Subject to approval by the JSE, listing and trading of the Bookbuild Shares is expected to commence at 09h00 on Friday, 4 August 2017.

31-Jul-2017
(Official Notice)
Investors are advised of the launch of a placing of new TFG ordinary shares (?Bookbuild Shares?) through an accelerated bookbuild offering (?Bookbuild?) to raise up to R2 billion, to be issued under the Company?s existing authority to issue shares as approved at the shareholders? extraordinary general meeting on Friday, 28 July 2017. The Bookbuild constitutes a vendor consideration placement, the proceeds of which will be utilised to repay all or a portion of the short-term acquisition facility relating to the acquisition by TFG of 100% of Retail Apparel Group, announced by the Company on SENS on 25 May 2017.



The Bookbuild is being offered to qualifying investors only (as set out in greater detail in the disclaimers below) and is not an offer to the public in any jurisdiction. The book for the Bookbuild is open with immediate effect and is expected to close as soon as possible.
28-Jul-2017
(Official Notice)
At the extraordinary general meeting of TFG held on 28 July 2017, 28 July 2017, all the ordinary resolutions were passed by the requisite majority of votes, cast by way of poll in each case.
14-Jul-2017
(Official Notice)
Shareholders are referred to the announcement released by the company on the Stock Exchange News Service of the JSE Ltd. on 25 May 2017 regarding the acquisition, through a wholly-owned subsidiary, of the entire issued ordinary and preference share capital of RAG Holdco Ltd. trading as Retail Apparel Group (?RAG Acquisition?).



Shareholders are advised that all conditions precedent in respect of the RAG Acquisition have now been fulfilled and that the parties will therefore proceed to implement the RAG Acquisition in accordance with its terms. As such, the RAG Acquisition is officially unconditional, thereby resulting in an effective date of 24 July 2017.
14-Jul-2017
(Official Notice)
Shareholders of TFG are advised that the Integrated Annual Report containing the audited results for the year ended 31 March 2017 has been distributed to shareholders and published on the Company?s website (www.tfglimited.co.za),today, 14 July 2017. In addition, shareholders are advised that the Integrated Annual Report contains abridged financial information and that the detailed annual financial statements are available in electronic copy on the TFG website (www.tfglimited.co.za). Hardcopies are also available upon request.



The financial information included in the Integrated Annual Report contains no material modifications to the reviewed preliminary condensed consolidated results that were published on SENS on 25 May 2017. The annual financial statements were audited by KPMG Inc., and their unqualified audit report is available for inspection at the Company?s registered office.



Notice of AGM

Shareholders are advised that a circular is being distributed together with the Integrated Annual Report. The circular includes the notice of the 80th annual general meeting of shareholders which will be held at 12h15 on 6 September 2017 at Stanley Lewis Centre, 340 Voortrekker Road, Parow East, Cape Town to transact business as stated in the notice of the annual general meeting.



Availability of broad based black economic empowerment (B-BBEE) compliance report and certificateShareholders are advised that the annual compliance report and certificate in terms of Section 13G(2) of the B-BBEE Amendment Act No. 46 of 2013, is available on the Company?s website (www.tfglimited.co.za).
04-Jul-2017
(Official Notice)
Foschini Retail Group (Pty) Ltd. (?FRG?), a wholly-owned subsidiary of the Company, has been referred to the National Consumer Tribunal (?NCT?) for allegedly being in breach of the National Credit Act (?NCA?). FRG sells Club magazine subscriptions to consumers, which the National Credit Regulator (?NCR?) considers to be ?charging? a ?fee? that is not permitted by the NCA.



TFG?s Club products are optional magazine subscriptions with insurance and other benefits which can be subscribed to at application stage, or later via telemarketing and other marketing channels. Consumers can cancel their subscription at any stage and without penalty.



The Company is of the view that FRG?s referral is based on an incorrect interpretation of the applicable legislation, as the NCA does not limit which products retailers may sell to its customers on their credit accounts. This was also recently confirmed by the NCT in a similar case against Lewis Stores. The referral is also similar to the referrals regarding Club ?fees? against Edcon and Mr Price.



The Company will oppose FRG?s referral to the NCT, as it does not agree with the view held by the NCR for the reasons stated above, amongst others. The Company also obtained the opinions of senior counsel, which was to the effect that the NCR?s position is untenable as it appears that the NCR has no rational basis for the relief sought against FRG in these proceedings.

30-Jun-2017
(Official Notice)
Further to the TFG announcement released on SENS on 25 May 2017 containing details of the acquisition of Retail Apparel Group, investors are advised that the Company has posted a circular today, Friday, 30 June 2017, to pass the resolutions required for the board of TFG to issue shares for the settlement of all or a portion of the acquisition funding (?the Circular?). The Circular contains a notice to the general meeting and a form of proxy. TFG shareholders are advised that the Circular is also available on TFG?s website: www.tfglimited.co.za.



The general meeting has been convened, in terms of the notice forming part of the Circular, to vote on the proposed resolutions. The general meeting is to be held at 15:00 on Friday, 28 July 2017 at the offices of The Foschini Group Ltd. which is located at Stanley Lewis Centre, 340 Voortrekker Road, Parow East, Cape Town (?EGM?).
25-May-2017
(C)
25-May-2017
(Official Notice)
02-Mar-2017
(Official Notice)
TFG preference shareholders are referred to the announcement by the South African Minister of Finance on 22 February 2017 that the dividend withholding tax rate has been increased from 15% to 20%. The JSE has confirmed that the increase is effective for dividends declared with a payment date on or after 22 February 2017.



Further to the above, shareholders are referred to the unaudited interim condensed consolidated results for the half-year ended 30 September 2016 announced on SENS on 10 November 2016 wherein shareholders were advised of the declaration of the preference dividend no.160.



In this regard, shareholders are referred to the updated preference dividend tax information as set out below:



Dividend no. 160 of 3,25% (6,5 cents per share) (gross) in respect of the six months ending 31 March 2017 has been declared from income reserves, payable on Monday, 20 March 2017 to holders of 6,5% preference shares recorded in the books of the company at the close of business on Friday, 17 March 2017. The last day to trade (?cum? the dividend) in order to participate in the dividend will be Tuesday, 14 March 2017. The Foschini Group Limited preference shares will commence trading ?ex? the dividend from the commencement of business on Wednesday, 15 March 2017 and the record date, as indicated, will be Friday, 17 March 2017.



Preference shareholders should take note that share certificates may not be dematerialised or rematerialised during the period Wednesday, 15 March 2017 to Friday, 17 March 2017, both dates inclusive.
17-Jan-2017
(Media Comment)
Business Report highlighted that shares in The Foschini Group (TFG) leapt by more than 5 percent after the release of a better than expected trading update. Retailer TFG cashed in on sales during the festive period, boosted by the recent acquisitions in the UK. TFG indicated that it had achieved a 47.9 percent increase in sales in the UK, while growth in the company's African operations saw an increase of 11.5 percent in the same period.
16-Jan-2017
(Official Notice)
Christmas trading was above expectation with TFG Group sales growth for December (27 November 2016 to 24 December 2016) of 14.6%. Growth for TFG International was 47.9% in GBP and growth for TFG Africa was 11.5% with same store growth of 5.6%.



Growths in the various merchandise categories for TFG Africa were as follows: clothing 12.8% (same store growth 6.0%); homewares 10.4% (same store growth 3.2%); cosmetics 5.4% (same store growth 2.3%); jewellery 2.1% (same store growth 0.1%) and cellphones 15.8% (same store growth 12.0%). Cash sales growth for TFG Africa for December was 17.7% and credit sales grew by 5.2%.



TFG Group sales for the 9 months to 24 December 2016 increased by 14.5%. TFG International continues to perform in line with management?s expectation, with turnover growth of 47.8% in GBP. Growth for TFG Africa was 9.7% with same store sales growth of 3.7%. Growths in the various merchandise categories for TFG Africa for the 9 months to 24 December 2016 were as follows: clothing 10.3% (same store growth 3.7%); homewares 7.6% (same store growth -2.1%); cosmetics 2.9% (same store growth 0.0%); jewellery 3.3% (same store growth 1.0%) and cellphones 16.8% (same store growth 12,5%). Cash sales growth for TFG Africa for the 9 months to 24 December 2016 was 17.4% and credit sales grew by 2.7%.



Merchandise inflation for the 9 month period in TFG Africa averaged 8.5%.
06-Dec-2016
(Media Comment)
According to Business Day, TFG is testing its "deliver 2 me" service for online purchases. The service is in pilot phase in Cape Town, and will make TFG the first retailer locally to apply the technology in this way. Deliver 2 me uses a geolocation tracking system like that seen in the Uber application, allowing customers to pinpoint their exact location for delivery. TFG chief information officer Brent Curry said the innovation would add convenience for customers as it was the most compelling delivery option in the industry.
10-Nov-2016
(C)
06-Sep-2016
(Official Notice)
At the annual general meeting of The Foschini Group Limited held today, 6 September 2016, all the ordinary and special resolutions were passed by the requisite majority of votes, cast by way of poll in each case. The company?s total number of ordinary shares in issue eligible to vote is 215,783,248 and the total number of shares represented in person or by proxy at the meeting was 165,393,230, representing 77% of the eligible shares.

25-Jul-2016
(Official Notice)
Ordinary shareholders are referred to the announcements released on the Stock Exchange News Service (?SENS?) on Thursday, 26 May 2016, Monday, 11 July 2016 and Thursday, 21 July 2016 relating to the declaration of the final distribution for the year ended 31 March 2016 by way of the issue of fully paid ordinary shares of 1.25 cents each as a scrip distribution (?scrip distribution?) or a cash dividend alternative of 385 cents per ordinary TFG share (?cash dividend?).



Ordinary shareholders representing 34.03% (or 73 282 548) of ordinary shares elected to receive the cash dividend, resulting in a total dividend paid of R282 137 809.80 with the balance of ordinary shareholders receiving the scrip distribution, for which 4 164 549 scrip distribution shares are to be issued, being approximately 1.93% of the current issued ordinary share capital of the Company.



The maximum number of 6 371 631 ordinary shares were listed on Wednesday, 20 July 2016, and accordingly 2 207 082 ordinary shares will be delisted in due course. Ordinary share certificates or dividend cheques were posted today, Monday, 25 July 2016, and electronic funds transfers, CSDP or broker accounts have likewise been credited/updated today.
21-Jul-2016
(Official Notice)
18-Jul-2016
(Official Notice)
Shareholders of TFG are advised that the integrated annual report containing the audited results for the year ended 31 March 2016 was distributed to shareholders today, 18 July 2016. In addition, shareholders are advised that the integrated annual report contained abridged financial information and that the detailed annual financial statements are available in electronic copy on the TFG website (www.tfglimited.co.za). Hardcopies are also available upon request.



The financial information included in the integrated annual report contains no material modifications to the reviewed preliminary condensed consolidated results that were published on SENS on 26 May 2016. The annual financial statements were audited by KPMG Inc., and their unqualified audit report is available for inspection at the company?s registered office.



Notice of AGM

Shareholders are advised that a circular is being distributed together with the integrated annual report. The circular includes the notice of the 79th annual general meeting of shareholders which will be held at 12h15 on 6 September 2016 at Stanley Lewis Centre, 340 Voortrekker Road, Parow East, Cape Town to transact business as stated in the notice of the annual general meeting.
11-Jul-2016
(Official Notice)
TFG shareholders are referred to the announcement released on SENS on 26 May 2016 wherein shareholders were advised that TFG declared a final distribution for the year ended 31 March 2016 by way of the issue of fully paid ordinary shares of 1,25 cents each as a capitalisation issue or scrip distribution payable to ordinary shareholders recorded in the register on the record date, being Friday 22 July 2016 (?scrip distribution?). As an alternative to receiving the scrip distribution, ordinary shareholders will be entitled, in respect of all or part of their shareholding, to elect to receive a gross cash dividend of 385,0 cents per ordinary share in lieu of the scrip distribution, which will be paid only to those ordinary shareholders who elect to receive the cash dividend in respect of all or part of their shareholding, on or before 12h00 on 22 July 2016 (?cash dividend alternative?).



The number of ordinary shares to which shareholders participating in the scrip distribution will become entitled to is confirmed in the ratio that 385,0 cents multiplied by a factor of 1.05 bears to the volume-weighted average price (?VWAP?) of the ordinary shares on the JSE during the 5-day trading period ending on 8 July 2016. The VWAP is confirmed as being R137.90 hence the number of ordinary shares to which shareholders participating in the scrip distribution will become entitled is 2.93148 shares per one hundred shares held. Where the application of the ratio gives rise to a fraction of a new ordinary share, such fraction will be rounded down to the nearest whole number, resulting in the allocation of whole ordinary shares and a cash payment of a fraction.



The circular related to the scrip distribution and the cash dividend alternative was posted to TFG ordinary shareholders on Monday, 11 July 2016. The circular is also available on TFG?s website: www.tfglimited.co.za



For ease of reference, the applicable dates are unchanged
27-May-2016
(Media Comment)
According to Business Day TFG has grown its turnover by double digits as cash-rich shoppers help the diversified retailer overcome tough conditions. TFG, whose customers were less affected by rising interest rates and inflation, recorded annual turnover growth of 11.6% in South Africa and the rest of Africa. CEO Doug Murray did not rule out further acquisitions in the year ahead, as growth in South Africa remained challenging. However Mr Murray did add that the group's immediate focus would be on extracting business synergies and economies of scale from existing acquisitions, which included the six Colette franchise stores in South Africa.
26-May-2016
(Official Notice)
Dividend no. 159 of 3.25% (6.5 cents per share) (gross) in respect of the six months ending 30 September 2016 has been declared from income reserves, payable on Monday, 26 September 2016 to holders of 6.5% preference shares recorded in the books of the company at the close of business on Friday, 23 September 2016. The last day to trade (?cum? the dividend) in order to participate in the dividend will be Tuesday, 20 September 2016. The Foschini Group Ltd. preference shares will commence trading ?ex? the dividend from the commencement of business on Wednesday, 21 September 2016 and the record date, as indicated, will be Friday, 23 September 2016. Preference shareholders should take note that share certificates may not be dematerialised or rematerialised during the period Tuesday, 20 September 2016 to Friday, 23 September 2016, both dates inclusive. In terms of section 11.17 of the JSE Listings Requirements, the following additional information is disclosed: 1) Local dividend tax rate is 15%; 2) The withholding tax, if applicable at the rate of 15%, will result in a net cash dividend per share of 5.52500 cents; 3) The issued preference share capital of The Foschini Group Limited is 200 000 shares at 26 May 2016; and 4) The Foschini Group Ltd.?s tax reference number is 9925/133/71/3P.
26-May-2016
(C)
09-May-2016
(Official Notice)
The company advises that it expects its basic and headline earnings per share from continuing operations for the year ended 31 March 2016, to be between 30% and 40% higher than those reported for the prior year ended 31 March 2015. Basic earnings per share from continuing operations are expected to be between 978 and 1 053 cents per share compared to the prior year reported number of 752.5 cents per share. Headline earnings per share from continuing operations are expected to be between 984 and 1 060 cents per share compared to the prior year reported number of 757.1 cents per share.



Excluding the once-off acquisition costs incurred in the prior year relating to our acquisition of Phase Eight as well as those incurred in the current year relating to the acquisition of Whistles, we expect our basic earnings per share from continuing operations for the year ended 31 March 2016, to be between 15% and 25% higher than those reported for the prior year ended 31 March 2015 (between 1 027 and 1 116 cents per share compared to the prior year reported number of 893.3 cents per share). Excluding the once-off acquisition costs, as referred to above, we expect our headline earnings per share from continuing operations for the year ended 31 March 2016, to be between 15% and 20% higher than those reported for the prior year ended 31 March 2015 (between 1 033 and 1 077 cents per share compared to the prior year reported number of 897.9 cents per share).



The group?s results for the year ended 31 March 2016 are expected to be released on SENS on or around 26 May 2016.
25-Apr-2016
(Official Notice)
Shareholders are advised that Ms. Dee Sheard has given notice of her resignation as company secretary with effect from 22 May 2016. The board announces that Mr. Darwin van Rooyen is appointed as company secretary of TFG with effect from 23 May 2016.

24-Mar-2016
(Official Notice)
Shareholders of TFG are advised that TFG has acquired, through its United Kingdom (UK) subsidiary, Phase-Eight, the entire issued share capital of Whistles, a British contemporary fashion brand for men and women.



Whistles currently has 46 standalone stores in the UK and is stocked in selected departmental stores across the world including Bloomingdales in the United States of America and Harrods in the UK. It also sells its merchandise online.



The addition of Whistles to TFG's existing portfolio of brands will further position TFG as a leading fashion retailer not only in South Africa, but internationally, and will enhance its online presence.



This is a voluntary announcement as the acquisition, due to its size, is not a categorisable transaction for the purposes of section 9 of the JSE Listings Requirements.
18-Jan-2016
(Official Notice)
Ordinary shareholders are referred to the announcements released on the Stock Exchange News Service (?SENS?) on Thursday, 12 November 2015 and Friday, 18 December 2015 respectively, relating to the declaration of the final distribution for the half year ended 30 September 2015 by way of the issue of fully paid ordinary shares of 1.25 cents each as a scrip distribution (?scrip distribution?) or a cash dividend alternative of 306 cents per ordinary TFG share (?cash dividend?).



Ordinary shareholders representing 63% (or 133 659 487) of ordinary shares elected to receive the cash dividend, resulting in a total dividend paid of R408 950 542.08 with the balance of ordinary shareholders receiving the scrip distribution, for which 2 179 695 scrip distribution shares are to be issued, being approximately 1.23% of the current issued ordinary share capital of the Company. Ordinary share certificates or dividend cheques were posted today, Monday 18 January 2016, and electronic funds transfers, CSDP or broker accounts have likewise been credited/updated today.
11-Jan-2016
(Official Notice)
Christmas trading was above expectation with group sales growth for December (29 November 2015 to 26 December 2015) of 27.2%. Excluding Phase Eight, the turnover growth was 13.5% with same store growth of 6.9%.



Growths in the various merchandise categories excluding Phase Eight were as follows: clothing 16.7% (same store growth 9%); homewares 4.5% (same store growth -2.9%); cosmetics 7.9% (same store growth 5.2%); jewellery 2.4% (same store growth -0.5%) and cellphones 13.8% (same store growth 8.7%). Excluding Phase Eight, cash sales growth for December was 20.8% and credit sales grew by 7%.



Group sales for the nine months to 26 December 2015 increased by 33%. Excluding Phase Eight, the turnover growth was 11.6% with same store sales growth of 5.8%. Growths in the various merchandise categories for the nine months to 26 December 2015 were as follows: clothing 13.6% (same store growth 7.3%); homewares 12.6% (same store growth 4.2%); cosmetics 10% (same store growth 7.4%); jewellery 5.4% (same store growth 2%) and cellphones 4.1% (same store growth -0.1%). Excluding Phase Eight, cash sales growth for the nine months to 26 December 2015 was 17.3% and credit sales grew by 7%.



Merchandise inflation excluding Phase Eight for the period averaged 7.5%. Sales post Christmas for the period 27 December 2015 to 9 January 2016 have been good with group sales increasing by 39.7%. Excluding Phase Eight, the turnover growth was 12.5% with same store growth of 6.2%.
18-Dec-2015
(Official Notice)
12-Nov-2015
(C)
05-Nov-2015
(Official Notice)
In accordance with paragraph 3.59 of the Listings Requirements of the JSE Limited, the board is pleased to announce that Graham Davin has been appointed as an independent non-executive director of TFG, effective 5 November 2015.

01-Sep-2015
(Official Notice)
At the annual general meeting of The Foschini Group Limited held today, 1 September 2015, all the ordinary and special resolutions were passed by the requisite majority of votes, cast by way of poll in each case. The company?s total number of ordinary shares in issue eligible to vote is 209,518,693 and the total number of shares represented in person or by proxy at the meeting was 166,243,431, representing 79% of the eligible shares.

13-Aug-2015
(Media Comment)
Business report announced that TFG plans to expand its presence in the young adult market through start-ups and acquisitions, starting with the launce of Soda Bloc, TFG's 19th brand, on the 13th of August. Soda Bloc will cater for people between the ages of 16 and 19 years old and aims to open 13 new stores by the end of TFG's financial year end in 2016. Long-term plan for TFG includes growth into the rest of Africa and growth on their online retail platform, TFG will push all of its brands onto its Omni channel e-commerce and online platforms.
22-Jul-2015
(Official Notice)
Shareholders of TFG are advised that the integrated annual report containing the audited results for the year ended 31 March 2015 was distributed to shareholders on 22 July 2015. In addition, shareholders are advised that the integrated annual report contained abridged financial information and that the detailed annual financial statements are available in electronic copy on the TFG website (www.tfglimited.co.za). Hardcopies are also available upon request.



The financial information included in the integrated annual report contains no material modifications to the reviewed preliminary condensed consolidated results that were published on SENS on 28 May 2015. The annual financial statements were audited by KPMG Inc., and their unqualified audit report is available for inspection at the company?s registered office.



Shareholders are advised that a circular is being distributed together with the integrated annual report. The circular includes the notice of the 78th annual general meeting of shareholders which will be held at 12h15 on 1 September 2015 at Stanley Lewis Centre, 340 Voortrekker Road, Parow East, Cape Town to transact business as stated in the notice of the annual general meeting.

20-Jul-2015
(Official Notice)
Ordinary shareholders are referred to the announcements released on the Stock Exchange News Service (?SENS?) on Thursday, 28 May 2015 and Friday, 26 June 2015 relating to the declaration of the final distribution for the year ended 31 March 2015 by way of the issue of fully paid ordinary shares of 1,25 cents each as a scrip distribution (?scrip distribution?) or a cash dividend alternative of 325,0 cents per ordinary TFG share (?cash dividend?).



Ordinary shareholders representing 52.65% (or 111 089 933) ordinary shares elected to receive the cash dividend, with the balance of ordinary shareholders receiving the scrip distribution.



Ordinary share certificates or dividend cheques were posted today, Monday, 20 July 2015, and electronic funds transfers, CSDP or broker accounts have likewise been credited/updated on 20 July 2015.
26-Jun-2015
(Official Notice)
19-Jun-2015
(Official Notice)
In terms of section 3.59 of the JSE Listings Requirements, shareholders are advised that Michael Lewis has been appointed as independent non-executive chairman with effect from today 19 June 2015.



As part of planned succession, Michael was recently appointed as deputy chairman and has now assumed the position of chairman following the resignation of David Nurek. David has had a long association with the company, having served on the board since 1990 and in the capacity of chairman since 2009 and we would like to thank him for his contribution over many years.



Michael has served on the board since 1989 and his appointment as chairman receives the unanimous support of the board which believes that he is well placed to steer the group forward, particularly due to his broad international retail and business experience.
28-May-2015
(C)
16-Jan-2015
(Official Notice)
15-Jan-2015
(Official Notice)
Christmas trading was above expectation with group sales growth for December (30 November 2014 to 27 December 2014) of 12.5% and same store growth of 7.3%. Growths in the various merchandise categories were as follows: clothing 13.2% (same store growth 7.5%); homewares 13.3% (same store growth 8.9%); cosmetics 11.2% (same store growth 7.4%); jewellery 4.4% (same store growth 0.5%) and cellphones 18.6% (same store growth 14.5%).



Group sales for the nine months to 27 December 2014 increased by 10.5% with same store sales growth of 5.1%. Growths in the various merchandise categories for the nine months to 27 December 2014 were as follows: clothing 9.7% (same store growth 4.1%); homewares 13% (same store growth 7.2%); cosmetics 9.7% (same store growth 5.5%); jewellery 4.9% (same store growth 0.2%) and cellphones 21.6% (same store growth 16.6%).



Merchandise inflation for the period averaged 6.5%. Sales post Christmas for the period 28 December 2014 to 14 January 2015 have been strong across all merchandise categories with group sales increasing by 16.2% and same store growth of 10.7%.
14-Jan-2015
(Official Notice)
Shareholders are advised that TFG is in advanced discussions regarding a potential acquisition which, if concluded, may have an impact on its share price. Shareholders should therefore exercise caution when dealing in their securities until a further announcement in this regard is made.
27-Nov-2014
(Media Comment)
Business Day reports that TFG launched online stores for @home and mobile and cellular chain Hi brands. TFG plans to include all 17 of its brand on the e-commerce fray during the next 24 months. TFG chief investment officer Brent Curry said that e-commerce was expected to deliver 5% of the groups turnover by 2018. TFG will use PayU for credit card data and warehousing, delivery and distribution will be managed by On the Dot. The new platform will include a click-and-collect function, allowing buyers to order online and collect at the store.
10-Nov-2014
(Official Notice)
Ronnie Stein, the Chief Financial Officer of the Group, will be retiring at the end of June 2015 after eighteen years with the Group and the past seventeen years as Chief Financial Officer.



The board is pleased to announce the appointment of Anthony Thunstr?m as the Chief Financial Officer-Elect of the Group with effect from 1 February 2015. The appointment follows an extensive internal and external executive search. Anthony will assume the position of Chief Financial Officer on Ronnie's retirement at the end of June 2015.
06-Nov-2014
(C)
Revenue from continuing operations grew to R8.5 billion (R7.8 billion). Gross profit increased to R3.3 billion (R3.0 billion). Operating profit before finance charges rose to R1.25 billion (R1.16 billion). Profit attributable to equity holders jumped 33.3% to R1.1 billion (R856.8 million). Furthermore, headline earnings from continuing operations were 8% higher at 403.3 cents per share (373.6 cents per share).



Preference dividend

Dividend no. 156 of 3.25% (6.5 cents per share) (gross) in respect of the six months ending 31 March 2015 has been declared from income reserves, payable on Monday, 23 March 2015 to holders of 6.5% preference shares recorded in the books of the company at the close of business on Friday, 20 March 2015.



Interim ordinary dividend

The directors have declared a gross interim ordinary dividend of 263.0 cents per ordinary share from income reserves, for the period ended 30 September 2014, payable on Monday, 5 January 2015 to ordinary shareholders recorded in the books of the company at the close of business on Friday, 2 January 2015.



Prospects

TFG expects to continue to benefit from strong cash sales growth in the second half. Trading conditions in the credit side of its business are likely to remain challenging until the current level of consumer indebtedness normalises. Whilst the company had already seen some signs of improvement, this has been set back due to the postal strikes. Until there are clear signs of sustained improvement in consumer credit health, TFG will continue to apply strict credit risk management practices.



TFG plans to open a further 100 stores in the second half.



For the first five weeks of the second half, retail turnover has been at stronger levels, growing by 13% with cash growth at 23.5% and credit growth at 5.9%. The group's second half is heavily dependent on festive season trading which will largely determine the performance of the group for this period.
27-Oct-2014
(Official Notice)
In terms of the JSE Ltd. Listing Requirements companies are required to publish a trading statement as soon as they are reasonably certain that the financial results for the period to be reported upon next will differ by at least 20% from the financial results for the previous corresponding period.



Shareholders are therefore advised that the company is in the process of finalising its results for the 6-month period ended 30 September 2014 and expects total basic earnings per share for the period to be between 33% and 36% higher than those reported for the 6-month period ended 30 September 2013. This is largely as a result of the inclusion of the profit on disposal of the RCS Group of approximately R270 million. Whilst this profit impacts our total earnings, it forms part of earnings per share from discontinued operations and has no impact on earnings per share from continuing operations. This profit is excluded from all headline earnings calculations. Headline earnings per share from continuing operations are expected to be between 5% and 8% higher than those reported for the previous corresponding period.



The financial information on which this trading statement is based has not been reviewed or reported on by the company's auditors.



The group's results for the period ended 30 September 2014 are expected to be released on SENS on 6 November 2014.

19-Sep-2014
(Official Notice)
As announced on 1 September 2014, shareholders of the company approved a specific repurchase of 11 000 000 ordinary shares from its subsidiary Foschini Stores (Pty) Ltd. at the company's Annual General Meeting held on 1 September 2014. Shareholders are now advised that the effective date of the specific repurchase is today, 19 September 2014 with a purchase price of R 117.39 per share (being the weighted average traded price for the 30 business days prior to the effective date). The total consideration of R1 291 290 000 will be discharged by way of inter- company loans.



The company will deal with the necessary formalities, including notifying the relevant regulatory authorities as required by the Companies Act. As soon as practically possible the repurchased shares will be cancelled and restored to authorised share capital.
01-Sep-2014
(Official Notice)
06-Aug-2014
(Official Notice)
Shareholders are referred to the announcement dated 10 April 2014 in terms of which it was advised that TFG and The Standard Bank of South Africa Ltd. (collectively "RCS Shareholders"), RCS Investment Holdings Ltd. ("RCS") and BNP Paribas Personal Finance S.A. ("BNPPF") (the European leader in personal loans and a subsidiary of BNP Paribas S.A.) had entered into agreements which would result in BNPPF becoming the 100% shareholder of RCS (the "Proposed Transaction").



Shareholders are advised that the Proposed Transaction is now unconditional in accordance with its terms and is in the process of being implemented accordingly. The Closing Date of the transaction is 6 August 2014 and the estimated proceeds are approximately R2.64 billion, with TFG's share being approximately R1.45 billion. The board will continue to evaluate all alternatives as regards the use of TFG's share of the net proceeds.
04-Aug-2014
(Official Notice)
29-May-2014
(C)
Retail turnover for the year grew to R14.2 billion (R12.9 billion) and gross profit increased to R6.6 billion (R6.0 billion). Operating profit before finance charges rose to R2.5 billion (R2.4 billion). Profit attributable to equity holders jumped 3.8% to R1.9 billion (R1.8 billion). In addition, headline earnings per share from continuing operations were 4.9% higher at 818.7 cents per share (780.6 cents per share).



Preference dividend

Dividend no. 155 of 3.25% (6.5 cents per share) (gross) in respect of the six months ending 30 September 2014 has been declared from income reserves, payable on Monday, 22 September 2014 to holders of 6.5% preference shares recorded in the books of the company at the close of business on Friday, 19 September 2014.



Final ordinary dividend

The directors have declared a gross final ordinary dividend of 293.0 cents per ordinary share from income reserves, for the period ended 31 March 2014, payable on Monday, 7 July 2014 to ordinary shareholders recorded in the books of the company at the close of business on Friday, 4 July 2014.
10-Apr-2014
(Official Notice)
26-Mar-2014
(Media Comment)
Business Day highlighted that Foschini was among the JSE's strong performers on the 25 March 2014, gaining 4.38% to R101.25. Last month, financial director, Ronnie Steyn indicated that Foschini was expanding its West African presence and planned four new stores in Ghana this year.
20-Jan-2014
(Official Notice)
Christmas trading was satisfactory and in line with expectation across all merchandise categories with group sales growth for December (1 December 2013 to 28 December 2013) of 11.4% and same store growth of 5.3%.



Growths in the various merchandise categories were as follows: clothing 11.9% (same store growth 5.4%); homewares 10.1% (same store growth 4.5%); cosmetics 7.7% (same store growth 3.6%); jewellery 8.9% (same store growth 4.4%) and cellphones 14.7% (same store growth 8.1%).



Group sales for the 9 months to 28 December 2013 increased by 9.1% with same store sales growth of 4.0%. Growths in the various merchandise categories for the 9 months to 28 December 2013 were as follows: clothing 9.0% (same store growth 3.0%); homewares 13.0% (same store growth 10.1%); cosmetics 9.5% (same store growth 5.9%); jewellery 5.8% (same store growth 2.3%) and cellphones 11.0% (same store growth 5.7%).



Merchandise inflation for the period averaged 7.0%.



Sales post Christmas for the period 29 December 2013 to 13 January 2014 have been strong across all merchandise categories with group sales increasing by 17.6% and same store growth of 11.4%.
14-Nov-2013
(Official Notice)
The board announced that David Friedland has been appointed as a non-executive director of TFG with immediate effect.
07-Nov-2013
(C)
Revenue for the interim period increased to R8.6 billion (2012: R7.7 billion). Gross profit rose to R2.8 billion (2012: R2.6 billion), operating profit before finance charges was slightly higher at R1.5 billion (2012: R1.4 billion), while profit attributable to equity holders of TFG climbed by 2.7% to R856.8 million (2012: R834.7 million). Furthermore, headline earnings per share grew by 3.1% to 413 cents per share (2012: 400.5 cents per share).



Ordinary dividend

The directors have declared a gross interim ordinary dividend of 243 cents per share from income reserves.



Preference dividend

Dividend number 154 of 3.25% (6.5 cents per share) (gross) in respect of the six months ending 31 March 2014 has been declared from income reserves.



Prospects

The difficult credit environment is unlikely to improve in the second half of the year due to the high level of consumer indebtedness and consequently, enhanced credit risk management practices will continue to be implemented. For the first five weeks of the second half, retail turnover has continued at similar levels to the first half. Given the weaker festive season performance last year, we expect a better second half performance but, as always, it is heavily dependent on festive season trading, which will largely determine the performance of the group for this period.
10-Oct-2013
(Official Notice)
Further to the announcement made on 18 September 2007, shareholders are advised that TFG has purchased an additional 6 755 937 ordinary shares, representing 3,0% of its own shares, at a cost of R634 327 649, on the open market, utilising the general authorities granted by TFG shareholders at various annual general meetings, the latest of which was at the annual general meeting of the company held on 2 September 2013 to repurchase a maximum of 22 516 284 ordinary shares (being 10% of the issued share capital).



Source of funds

Repurchases to date have been funded from available cash resources.

30-Sep-2013
(Official Notice)
Shareholders are advised that the company has entered into a repurchase programme to repurchase shares during its closed period. The closed period will commence on 1 October 2013 and is anticipated to end on or about 7 November 2013, when the group's interim results for the period ended 30 September 2013 are expected to be released on SENS.



The maximum aggregate consideration payable in terms of the repurchase programme is R250 million.



The mandate relating to the repurchase programme is irrevocable, and any repurchases made pursuant thereto will be carried out on the JSE within certain predetermined parameters that have been agreed in writing with the broking firm.



Any repurchases so effected will be in accordance with the general authority granted by special resolution of the company?s shareholders passed at the company?s annual general meeting held on 2 September 2013 and in compliance with the relevant provisions of the JSE Listings Requirements and the Companies Act (71 of 2008), as amended.
02-Sep-2013
(Official Notice)
Shareholders were advised that, at the annual general meeting of shareholders of Foschini, all binding resolutions as proposed in the notice of the annual general meeting were approved by the requisite majority of members. Ordinary resolution number 10 which is a non-binding advisory vote was not passed.
22-Aug-2013
(Official Notice)
With regard to the audited results for the year ended 31 March 2013, shareholders of The Foschini Group (TFG) Ltd. are advised that the integrated annual report was distributed to shareholders on 12 July 2013. Shareholders are advised that the integrated annual report contained abridged financial information and that the detailed annual financial statements were made available in electronic copy on our website (www.tfg.co.za). Hardcopies are also available on request. These contain no significant modifications to the reviewed preliminary condensed results that were published on SENS on 30 May 2013. The annual financial statements were audited by KPMG Inc., and their report is available for inspection at the company?s registered office.



Notice of AGM

Shareholders are advised that the notice of annual general meeting was contained within the integrated annual report distributed on 12 July 2013. The 76th annual general meeting of shareholders will be held at 12h15 on 2 September 2013 at Stanley Lewis Centre, 340 Voortrekker Road, Parow East, Cape Town to transact business as stated in the notice to the annual general meeting.
22-Aug-2013
(Media Comment)
Business Day reported that Foschini plans to open 21 new stores in the rest of the continent by March. Foschini planned to open five or six new stroes in Zambia and four in Ghana. The retailer would open 42 new stores in the rest of the continent in fiscal 2015 and 38 in fiscal 2016.
16-Aug-2013
(Official Notice)
Shareholders are referred to the announcement dated 21 June 2013 wherein the company advised that the process of reducing Foschini's shareholding in its 55% held subsidiary, RCS Investment Holdings (Pty) Ltd. ("RCS") had been terminated. Shareholders are now advised that the Company has subsequently received an unsolicited expression of interest to acquire 100% of RCS which the board of Foschini will consider. Further announcements will be made in this regard as and when appropriate.
21-Jun-2013
(Official Notice)
Foschini referred to its market commentary regarding its intention to reduce its shareholding in its 55% held subsidiary, RCS Investment Holdings (Pty) Ltd. ("RCS"), to below 50% via either a separate listing or sale.



In this regard the RCS shareholders have been through a thorough process to assess the various alternatives with regards to achieving Foschini's stated intention for RCS. Following this process and taking into consideration the current state of the consumer credit market and the sentiment surrounding consumer lending businesses, the RCS shareholders have concluded that the timing is not conducive to realising fair value for RCS and, accordingly, have decided to terminate the process.



The RCS business continues to perform well despite challenging market conditions and the RCS shareholders believe it will continue to contribute favourably to overall financial performance.
30-May-2013
(C)
Revenue increased to R16.3 billion (R14.5 billion). Gross profit rose to R5.4 billion (R4.9 billion) and operating profit before finance costs was higher at R3 billion (R2.8 billion). Net attributable profit was up 13.3% to R1.8 billion (R1.6 billion). In addition, headline earnings per share grew by 11.2% to 858.6cps (772cps).



Dividend

A final gross ordinary dividend of 270cps has been declared.



Outlook

Economic conditions in South Africa will remain difficult with the credit environment likely to deteriorate further. Due to current high levels of consumer indebtedness, enhanced credit risk management practices have been and will continue to be implemented. In line with Foschini's strategy of investing for long-term growth, we will continue to open new stores in certain of our formats. Foschini anticipates opening in excess of 150 new stores in the year ahead which will increase trading space by approximately 6%. Management believes the group is well positioned to once again produce solid results in the year ahead, although caution is warranted given the state of the consumer environment.
30-May-2013
(Official Notice)
Shareholders were advised that Mr W V Cuba has resigned as a non-executive director for personal reasons, with effect from 1 June 2013.
28-Mar-2013
(Official Notice)
In compliance with the JSE Listings requirements, shareholders are advised that the company has entered into a repurchase programme to repurchase shares during its closed period. The closed period will commence on 1 April 2013 and is anticipated to end on 30 May 2013, when the group's results are scheduled for release on SENS.



The maximum aggregate consideration payable is R250 million. The mandate relating to the repurchase programme is irrevocable, and any repurchases made pursuant thereto will be carried out on the JSE within certain predetermined parameters that have been agreed in writing with the broking firm. Any repurchases so effected will be in accordance with the general authority granted by special resolution of the company's shareholders passed at the company?s annual general meeting held on 3 September 2012 and in compliance with the relevant provisions of the JSE Listings Requirements and the Companies Act (71 of 2008), as amended.
26-Feb-2013
(Official Notice)
As announced on 3 September 2012 and again on 30 November 2012, shareholders of the company approved a specific repurchase of 12 000 000 ordinary shares from its subsidiary Foschini Stores (Pty) Ltd. at the company's Annual General Meeting held on 3 September 2012.



Shareholders were now advised that the parties have agreed an implementation date of the specific repurchase of 26 February 2013 at a purchase price of R119.39 per share (being the weighted average traded price for the 30 business days prior to the implementation date). The total consideration of R1 432 680 000 will be discharged by way of inter company loans.



The company will deal with the necessary formalities, including notifying the relevant regulatory authorities as required by the Companies Act. As soon as practically possible the repurchased shares will be cancelled and restored to authorised share capital.
18-Jan-2013
(Official Notice)
Christmas trading was mixed across merchandise categories with group sales growth for December (2 December 2012 to 29 December 2012) of 10.5% and same store growth of 4.7%. Most merchandise categories performed satisfactorily with clothing growth at 14.5% (same store growth of 7.6%); homewares at 14,5% (same store growth of 10.7%) and cosmetics at 10.7% (same store growth of 6.8%). Jewellery and cellphones underperformed with growths of 0,5% (same store growth of -2.5%) and -5.7% (same store growth of -10.3%) respectively.



Group sales for the nine months to 29 December 2012 increased by 11.4% with same store sales growth of 5.6%. Growths in the various merchandise categories for the nine months to 29 December 2012 were as follows: clothing 12,5% (same store growth 6.1%); homewares 18.9% (same store growth 11.8%); cosmetics 11.4% (same store growth 8,0%); jewellery 7.6% (same store growth 3.6%) and cellphones 2.3% (same store growth -1,4%).



Merchandise inflation for the period averaged 5.5%. Sales post Christmas for the period 30 December 2012 to 17 January 2013 have been strong across all merchandise categories with group sales increasing by 19.8% and same store growth of 12.9%.
30-Nov-2012
(Official Notice)
As announced on 3 September 2012, shareholders of the company approved a specific share repurchase at the company's AGM held on 3 September 2012. Shareholders were also advised on 3 September 2012 that the boards of directors of the group companies concerned had entered into a share repurchase agreement and that the agreement provides for an effective date of 30 November 2012, but that the parties to the agreement could change the effective date as agreed in writing.



The parties have entered into an addendum to the agreement amending the effective date to 28 February 2013 but this date may again be changed by the parties in writing. The reason for the change of effective date is that the boards of directors of the group companies concerned do not yet have clarity on the final terms of the Taxation Laws Amendment Bill, 2012, which could have an impact on the transaction. The addendum does not vary the commercial terms of the share repurchase agreement and will have no financial impact on the company.
12-Nov-2012
(Official Notice)
The company announced that Tumi Makgabo has been appointed as an independent non-executive director of TFG with immediate effect.



The appointment has received unanimous approval of the company's nominations committee and the board.
08-Nov-2012
(C)
Retail turnover increased by 12.6% to R6.1 billion (R5.4 billion). Gross profit rose to R2.6 billion (R2.3 billion). Net attributable profit was up 19.4% to R834.7 million (R699 million). In addition, headline earnings grew by 17.1% to 400.5cps (341.9cps).



Dividends

A gross ordinary interim dividend of 236cdps has been declared. In addition, preference dividend of 3.25% (6.5cps) (gross) in respect has been declared from income reserves



Prospects

For the first five weeks of the second half, retail turnover has continued at similar levels to the first half. Notwithstanding the challenging economic environment, we remain confident that the group can again deliver a satisfactory result for the full year, albeit against a strong base. As always, the second half of the year is heavily dependent on Christmas trading which will largely determine the performance of the group in the second half. Management expects to open a further 102 stores in the second half.
29-Oct-2012
(Official Notice)
The company is in the process of finalizing its results for the period ended 30 September 2012 and advises that it expects basic and headline earnings per share for the period to be between 16% and 18% higher than those reported for the period ended 30 September 2011. The group's results for the period ended 30 September 2012 are expected to be released on SENS on 8 November 2012.
03-Sep-2012
(Official Notice)
Shareholders were advised that, at the annual general meeting of shareholders of Foschini all resolutions as proposed in the notice of the annual general meeting were approved by the requisite majority of members.



Specific repurchase approved in terms of special resolution three

Shareholders should take note that the share repurchase agreement adopted by the boards of directors of the group companies contemplates an effective date of 30 November 2012 (although this date can be amended by written agreement between the parties). Accordingly the salient dates are expected to be as follows:

*Implementation of repurchase -- Friday 30 November 2012

*Cancellation of repurchased shares -- Friday 30 November 2012

*Results of repurchase on SENS -- Monday 3 December 2012



In addition, shareholders are advised that it is a term of the share repurchase agreement that either group company may resile from the agreement in the event of a change in law which increases any liability for tax of either group company arising out of the share repurchase agreement, the consequence of which would be that the share repurchase transaction is of no further force and effect.
03-Sep-2012
(Official Notice)
The strategic initiatives undertaken by our group have produced a good result for the year. In addition, stronger consumer spending which became evident to us in 2011 financial year continued into the 2012 financial year with Christmas trading above expectation. Notwithstanding the strong comparative base, retail turnover increased by 17,0% to R11,6 billion whilst headline earnings per share increased by 22,1% to 772,0 cents. Our total dividend for the year increased by 30,0% to 455,0 cents per share.



The group's prospects for 2013.

*We expect the benefits of our strategic initiatives to continue into this financial year, though we are mindful of the more subdued consumer environment and the strong base established over the last few years.

*In line with our strategy of investing for long-term growth, we will continue to open new stores in certain of our formats and we anticipate increasing trading space by approximately 7% in the current year.

*Trading conditions for the first five months of this financial year have been satisfactory. Total sales have grown by 13,2% over the previous period with same stores sales growth of 7,5%.

*Growths in the various merchandise categories are as follows: Clothing: 13,8% ; Jewellery: 10,1% ; Cosmetics: 11,8% ; Cellphones: 7,5% ; Homewares: 21,5%

*In the current more challenging credit environment our retail debtors? book is performing satisfactorily and within management expectations.

*Our RCS subsidiary in which we have a 55% shareholding continues to perform well.

*Notwithstanding the tougher economic environment, we remain confident that we can again deliver a satisfactory result for this year, albeit against a strong base and remembering that the second half of the year is heavily dependent on Christmas trading, which will largely determine the performance of the group in the second half.
01-Aug-2012
(Official Notice)
With regard to the audited results for the year ended 31 March 2012, shareholders of The Foschini Group (TFG) Ltd. are advised that the integrated annual report is being distributed to shareholders on 1 August 2012. Shareholders are advised that the integrated annual report contains abridged financial information. The detailed annual financial statements are available in electronic copy on our website (www.tfg.co.za) and in hardcopy on request. These contain no significant modifications to the reviewed preliminary condensed results that were published on SENS on 29 May 2012.



Circular

Shareholders are advised that a circular is being distributed along with the integrated annual report. The circular includes notice of the 75th annual general meeting of shareholders which will be held at 12h15 on 3 September 2012 at Stanley Lewis Centre, 340 Voortrekker Road, Parow East, Cape Town to transact business as stated in the notice to the annual general meeting. The notice contains, inter alia, authority for a proposed specific repurchase. Salient features are detailed below.



Specific repurchase

Shareholders are advised that the company seeks authority to acquire 12 000 ordinary shares comprising 4.99% of the issued share capital of the company from its wholly owned subsidiary, Foschini Stores (Pty) Ltd. (registration number 1982/011893/07) on 7 September 2012. The price of the transaction will be equal to the weighted average traded price of TFG shares measured over the 30 ( business days prior to 7 September 2012, it being recorded that it is intended that once the specific repurchase has been completed that the 12 000 000 shares shall be cancelled as issued shares and restored to the status of authorised share capital forthwith. Foschini Stores (Pty) Ltd. currently holds 24 049 824 shares in TFG.



Salient dates

The salient dates and times in respect of the specific repurchase are as follows:

* Circular posted to shareholders : Wednesday 1 August 2012

* Last day to trade : Monday 17 August 2012

* Record date : Friday 24 August 2012

* Proxy forms to be received by 12:15 on Friday 31 August 2012

* AGM to be held at 12:15 on Monday 3 September 2012

* Results of AGM released on SENS on Monday 3 September 2012

* Implementation of repurchase : Friday 7 September 2012

* Cancellation of repurchased shares : Friday 7 September 2012

* Results of repurchase on SENS : Monday 10 September 2012.
08-Jun-2012
(Media Comment)
According to Finweek, Foschini plans to float its joint venture with Standard Bank, microlender RCS, on the JSE before the end of 2013. Foschini owns 55% of the entity and Standard Bank the rest, but it is unclear what level of investment the two will retain if RCS lists. RCS has more than a million customers across its private label and retail store cards as well as insurance and personal loans divisions. Standard Bank was reluctant to comment about its future involvement.
29-May-2012
(C)
Revenue for the year ended 31 March 2012 increased to R14.5 billion (2011: R12.4 billion). Gross profit was higher at R4.9 billion (2011: R4.2 billion), while profit attributable to equity holders of the company jumped by 21.5% to R1.6 billion (2011: R1.3 billion). Furthermore, headline earnings per share grew by 22.1% to 772cps (2011: 632.3cps).



Ordinary dividend

The directors declared a gross final ordinary dividend of 265cps from income reserves.



Preference dividend

The directors declared dividend no 151 of 3.25% (6.5cps) in respect of the six months ending 30 September 2012 from income reserves.



Prospects

Whilst there has been a softening in turnover since January of this year, retail turnover for the first eight weeks of the new financial year has been satisfactory, though some caution is warranted given the impact of fuel and utility increases on Foschini's customers, as well as the very strong comparative base. In line with the company's strategy of investing for long-term growth, we will continue to open new stores in certain of our formats. The company anticipates opening in excess of 140 new stores in the year ahead which will increase trading space by approximately 6%.
15-May-2012
(Official Notice)
Shareholders are advised that Ms K N Dhlomo has resigned as a non-executive director of TFG for personal reasons, with immediate effect.
25-Apr-2012
(Official Notice)
The company advises that its basic and headline earnings per share for the year ended 31 March 2012, are expected to be between 20% and 23% higher than those reported for the year ended 31 March 2011. The group's results for the year ended 31 March 2012 are expected to be released on SENS on 29 May 2012.
10-Feb-2012
(Official Notice)
Shareholders are advised that Mr D M Polak has resigned as a non-executive director of The Foschini Group Ltd, with immediate effect.
03-Nov-2011
(C)
Revenue for the interim period surged to R6.8 billion (2010: R5.8 billion). Gross profit rose to R2.3 billion (2010: R1.9 billion), operating profit increased to R1.2 billion (2010: R1 billion), while profit attributable to equity holders of Foschini jumped to R699 million (2010: R566.3 million). Furthermore, headline earnings per share improved to 341.9cps (2010: 272.3cps).



Ordinary dividend

The directors declared an interim ordinary dividend of 190.cps, for the period ending 30 September 2011.



Preference dividend

Dividend no. 150 of 3.25% (6.5cpps) in respect of the six months ending 31 March 2012 has been declared.



Prospects

For the first five weeks of the second half retail turnover has continued to be encouraging, though some caution is warranted given the very difficult and fragile global financial environment, as well as the very strong comparative base. However, Foschini remain confident that they can again deliver a favourable result for the second half of this year. The second half of the year is heavily dependent on Christmas trading, which will largely determine the performance of the group in the second half. Foschini expects to open a further 69 stores in the second half.
19-Oct-2011
(Official Notice)
The company advised that its basic and headline earnings per share for the six month period ended 30 September 2011, are expected to be between 23% and 26% higher than those reported for the corresponding prior period. The group's results for the six months ended 30 September 2011 are expected to be released on SENS on 3 November 2011.
06-Oct-2011
(Media Comment)
Business Report noted that Foschini has bought luxury menswear brand Fabiani. The acquisition will allow Foschini to expand its offering to wealthy customers and give additional support to the group's expansion plans. Foschini CFO Ronnie Stein said the group's brands mainly catered to the mass middle market with the exception of @home and now Fabiani. Fabiani has seven stores in high end shopping centres, such as the V-A Waterfront and Nelson Mandela Square.
05-Sep-2011
(Official Notice)
Shareholders are advised that, at the annual general meeting of shareholders of The Foschini Group Ltd, which was held earlier today, all resolutions as proposed in the notice of the annual general meeting were approved by the requisite majority of members.
29-Jul-2011
(Official Notice)
With regard to the audited results for the year ended 31 March 2011, shareholders of Foschini are advised that the annual financial statements are being distributed. These contain no significant modifications to the reviewed preliminary condensed results that were published on SENS on 26 May 2011.



Notice of annual general meeting

Shareholders are advised that the notice of annual general meeting is being distributed along with the integrated annual report. The notice of the 74th annual general meeting of shareholders which will be held at 12h15 on 5 September 2011 at Stanley Lewis Centre, 340 Voortrekker Road, Parow East, Cape Town to transact business as stated in the notice to the annual general meeting.
26-May-2011
(C)
Revenue increased to R12.4 billion (R10.8 billion) and gross profit rose to R4.2 billion (R3.6 billion). Operating profit before finance charges improved to R2.3 billion (R2 billion), while profit for the year attributable to ordinary shareholders of the group enhanced to 1.3 billion (R1.1 billion). In addition, headline earnings per share climbed to 632.3cps (521.4cps).



Dividends

A preference dividend no. 149 of 6.5cps in respect of the six months ending 30 September 2011 has been declared and a final ordinary dividend of 212cps for the period ending 31 March 2011 has been declared.



Prospects

Retail turnover for the first seven weeks of the new financial year has been encouraging and above expectation, though some caution is warranted given expected levels of inflation, the interest rate environment and the potential impact on our customers. In line with our strategy of investing for long-term growth, we will continue to open new stores in certain of our formats. The group anticipates opening in excess of 100 new stores in the year ahead which will increase trading space by approximately 6%.
18-Apr-2011
(Official Notice)
The company advised that its basic and headline earnings per share for the year ended 31 March 2011, are expected to be between 19% and 22% higher than those reported for the year ended 31 March 2010. The group's results for the year ended 31 March 2011 are expected to be released on SENS on 26 May 2011.
17 Jan 2011 11:18:10
(Official Notice)
In the company's interim results, it was indicated that trading had been encouraging and that the group was cautiously optimistic regarding trading for the remainder of the year. Christmas trading was above expectation across all divisions with sales growth for December of 22.5% and same store growth of 17.2%. Compared to the corresponding period last year, group sales for the three months October to December 2010 increased by 18.5%, whilst sales for comparable stores increased by 13.7%. Merchandise inflation for the period averaged 1%. The retail debtors' book continues to be well managed, reflecting positive collections with net bad debt as a percentage of closing debtors' book at similar levels to those reported in the group's interim results.
16 Nov 2010 14:31:11
(C)
Retail revenue increased by 12.5% from R4.1 billion to R4.6 billion in 2010. Gross profit increased to R1.9 billion (September 2009: R1.7 billion) and operating profit increased by 13.2% to R1 billion (September 2009: R890.2 million). Profit attributable to ordinary shareholders increased by 17.1% to R566.3 million (September 2009: R483.7 million). Headline earnings per share increased by 16.9% to 272.3cps (September 2009: 232.9cps).



Dividend

Ordinary shares

The directors have declared an interim ordinary dividend of 138.0 cents per ordinary share payable on Monday, 10 January 2011 to ordinary shareholders recorded in the books of the company at the close of business on Friday, 7 January 2011.



Preference shares

Dividend no. 148 of 3.25% (6.5 cents per share) in respect of the six months ending 31 March 2011 has been declared, payable on Monday, 28 March 2011 to holders of 6.5% preference shares recorded in the books of the company at the close of business on Friday, 25 March 2011.



Prospects

Whilst continued unemployment in the economy remains a potential risk, we are cautiously optimistic regarding trading in the second half of this year. As always, the second half is heavily dependant on Christmas trading, which will largely determine the performance of the group in the second half. For the first seven weeks of the second half, retail turnover has grown by 16.1% and same store turnover by 12.0%.
01 Oct 2010 11:59:08
(Official Notice)
The company is pleased to announce that Edwin Oblowitz has been appointed as independent non-executive director of TFG with immediate effect.
23 Sep 2010 14:35:10
(Permanent)
From Monday 27 September 2010 the company will commence trading under the new name "The Foschini Group Ltd" and share codes "TFG" and "TFGP" and ISIN ZAE000148466 and ISIN ZAE000148516 for the ordinary shares and preference shares respectively.
16 Sep 2010 12:35:59
(Official Notice)
Shareholders are advised that the special resolution relating to the change of name as set out in the circular to shareholders dated 30 July 2010 has today been registered with the Companies and Intellectual Property Registration Office. The salient dates and times as detailed in the announcement released on SENS on 30 July 2010 remain unchanged.



The name change of the company will be effective from Monday 27 September 2010 from which date the company will commence trading under the new name "The Foschini Group Ltd" and share codes "TFG" and "TFGP" and ISIN ZAE000148466 and ISIN ZAE000148516 for the ordinary shares and preference shares respectively.
01 Sep 2010 14:37:35
(Official Notice)
Shareholders are advised that, at the annual general meeting of shareholders of Foschini, all resolutions as proposed in the notice of the annual general meeting were approved by the requisite majority of members. The special resolutions, including the approved name change will be lodged for registration with the Companies and Intellectual Property Registration Office in due course.
01 Sep 2010 13:00:53
(Official Notice)
The 2010 financial year was difficult and volatile for our group with consumer spending worsening during the second half of the year. The significantly higher than projected unemployment figures also had a negative impact on our sector. In the context of the economic climate which prevailed during the year, the group believe our result was slightly disappointing. After six exceptional years from 2002 to 2007, when our compounded HEPS grew at 48,4%, the economic cycle turned and we have now completed the third year in the current down cycle. The first half of the year produced turnover growth of 7,9% with an increase in HEPS of 1,5% whilst the second half worsened with turnover growth of 5% and a reduction in HEPS of 12,6%. For the year as a whole, turnover increased by 6,4% while headline earnings per share decreased by 6,8%. Our total dividend for the year was maintained at 288 cents per share.



Prospects for the 2011 financial year

*Notwithstanding the reduced interest rate and inflation environment, we expect trading conditions to remain challenging.

*The 2010 FIFA World Cup did create a more positive consumer sentiment with improved consumer spending, which in our experience has continued post the World Cup.

*In line with our strategy of investing for long-term growth, we will continue to open new stores in certain of our formats that are under-represented and we anticipate increasing trading space by approximately 7% in the current year.

*Trading conditions for the first five months of this financial year have been encouraging. Total sales have grown by 12,9% over the previous period with same stores sales growth of 8,6%.

*Foschini retail debtors' book is performing satisfactorily in the current climate and the quality of the book continues to improve.

*Whilst continued unemployment in the economy remains a potential risk, the group are cautiously optimistic regarding trading for the remainder of this year. As always, the second half of the year is heavily dependant on Christmas trading, which will largely determine the performance of the group in the second half.

30 Jul 2010 11:04:35
(Official Notice)
27 May 2010 14:29:49
(C)
Revenue increased to R10.8 billion (R10 billion). Gross profit rose to R3.6 billion (R3.4 billion). However, net attributable profit declined by 5.3% to R1.1 billion (R1.1 billion). In addition, headline earnings on a per share basis fell by 6.8% to 521.4cps (559.5cps).



Dividends

A final ordinary dividend of 170cps has been declared, as well as a preference dividend of 6.5cps.



Outlook

Retail turnover for the first eight weeks of the new financial year has been encouraging, with an upward shift in consumer spending. The 2010 World Cup which gets underway in a few weeks' time should create more positive consumer sentiment, which together with the reduced interest rate and inflationary environment should improve consumer spending. However, the effect of the increase in the cost of electricity on the disposable income of our consumers is unknown. In addition, unemployment and associated factors in the economy remain as a potential risk, as do the ongoing problems in international markets. In line with Foschini's strategy of investing for long-term growth, the company will continue to open new stores in certain of our formats that are under-represented and we anticipate opening in the region of 100 new stores in the year ahead, which will increase trading space by approximately 7%.
15 Jan 2010 15:02:11
(Official Notice)
Compared to the corresponding period last year, group sales for the three months October 2009 to December 2009 increased by 4,9%, whilst sales for comparable stores decreased by 1,5%. In line with management expectations, stock was tightly controlled and expected gross margins should be maintained. Foschini's retail debtors' book continued to be well managed, reflecting positive collections with net bad debt as a percentage of closing debtors' book at the same levels as reported in the interim results. The figures have not been reviewed or reported on by the company's external auditors.
05 Nov 2009 14:54:50
(C)
Retail Revenue increased by 7.90% from R3.7 billion to R4.1 billion in 2009. Gross profit increased to R1.7 billion (2008:R1.5 billion) and operating profit increased 6.40% to R890.2 million (2008:R836.5 million). Profit attributable to ordinary shareholders increased by 3.0% to R483.7 million (R469.5 million). Headline earnings on a per share basis increased by 1.5% to 232.90cps (229.50cps).



Dividends per share

Ordinary shares

The directors have declared an interim ordinary dividend of 118,0 cps per ordinary share payable on Monday, 11 January 2010 to ordinary shareholders recorded in the books of the company at the close of business on Friday, 8 January 2010.



Preference shares

Dividend no. 146 of 3,25% (6,5 cps) in respect of the six months ending 31 March 2010 has been declared, payable on Monday, 29 March 2010 to holders of 6,5% preference shares recorded in the books of the company at the close of business on Friday, 26 March 2010.



Prospects

Notwithstanding the difficult economic climate, in line with the strategy of investing for long-term growth, the group will continue to open new stores in certain of our formats that are under-represented. A further 40 stores are planned to be opened in the second half. The group's supply chain initiative which is now well under way will result, over a period of time, in much reduced product lead times, stronger supplier relationships and increased stock turns, ensuring our ability to be first to market with key products. Retail turnover for the first five weeks of the second half remains difficult with turnover growth of 4,8%. The anticipated pick-up in the economy has not yet started and we expect that the retail environment will continue to be difficult for the remainder of the year. The second half of the year is heavily dependent on Christmas trading which will largely determine the performance of the group in the second half and for the year as a whole.
09 Sep 2009 14:39:48
(Official Notice)
Shareholders are advised that, at the annual general meeting of shareholders of Foschini, all resolutions as proposed in the notice of the annual general meeting were approved by the requisite majority of members. The special resolution will be lodged for registration with the Registrar of Companies.
28 Jul 2009 12:53:48
(Official Notice)
With regard to the audited results for the year ended 31 March 2009, shareholders of Foschini Ltd are advised that the annual financial statements are being distributed. These contain no significant modifications to the reviewed preliminary condensed results that were published on SENS on 28 May 2009. The annual financial statements were audited by KPMG Inc, and their report is available for inspection at the company's registered office.



Notice is hereby given that the 72nd annual general meeting of shareholders will be held at 12:15 on 9 September 2009 at Stanley Lewis Centre, 340 Voortrekker Road, Parow East, Cape Town to transact business as stated in the notice to the annual general meeting which forms part of the annual financial statements.
28 May 2009 15:19:37
(C)
Whilst the first half of the year produced turnover growth of 2.9% and a reduction in headline earnings of 2.7%, the second half saw a significant improvement with turnover growth of 7.8% and an increase in headline earnings of 6.1%. For the year as a whole, retail turnover increased by 5.5% to R8.1 billion. Gross margins for the period were up by 0.4% on the previous year.



Dividend

The directors have declared a final ordinary dividend of 170.0cps.



Prospects

In line with Foschini's strategy of investing for long-term growth, the group will continue to open new stores in certain of its formats that are under-represented and management anticipate opening in excess of 120 new stores in the year ahead which will increase trading space by approximately 11%. In addition, the group's supply chain initiative which commenced just over a year ago will result, over a period of time, in reduced product lead times, increased stock turns and stronger supplier relationships, ensuring the company's ability to be first to market with key products. Retail turnover for the first eight weeks of the new financial year has been encouraging as the improving trend demonstrated in the second half of last year has continued. The trading environment remains challenging however, and the South African economy faces a number of risks which could impact negatively upon the business. Accordingly, costs and inventory management will remain significant focus areas. Despite the current difficult trading climate, all Foschini's trading divisions remain in good shape and are well placed to maximise any upturn in the economy.
23 Feb 2009 14:13:36
(Official Notice)
Khanyi Dhlomo and Nomahlubi Simamane have been appointed as independent non-executive directors of Foschini with immediate effect. Peter Meiring, managing director of the group's financial services division has been appointed as an executive director of Foschini with effect from 1 April 2009.
16 Jan 2009 08:12:42
(Official Notice)
In the interim results, Foschini indicated that it expected the retail environment to be difficult for the remainder of the year as consumers have to contend with high interest rates and high inflation. Christmas trading was above expectation across all divisions with sales growth for December of 9.9% and same store growth of 3%.



Group sales for the three months October to December 2008 increased by 8.7% whilst same store sales grew by 2.7%. Average merchandise inflation for the period was approximately 7.5%. The retail debtors' book continues to be well managed, reflecting positive collections with net bad debts as a percentage of debtors' book at similar levels to those reported in our interim results. This sales update has not been reviewed or reported on by the company's external auditors.
05 Sep 2008 16:44:51
(Official Notice)
Mr N H Goodwin, who retired by rotation at the AGM held on the 3 September 2008, did not make himself available for re-election.
03 Sep 2008 15:51:44
(Official Notice)
Shareholders are advised that, at the annual general meeting of shareholders of Foschini, which was held on 3 September 2008, all resolutions as proposed in the notice of the annual general meeting were approved by the requisite majority of members. Ordinary resolution number 5 was withdrawn due to Mr Goodwin not wishing to stand for re-election. The special resolution will be lodged for registration with the Registrar of Companies.
25 Jul 2008 14:50:26
(Official Notice)
With regard to the audited results for the year ended 31 March 2008, shareholders of Foschini are advised that the annual financial statements have been distributed. These contain no significant modifications to the reviewed unaudited provisional results that were published on SENS on 29 May 2008. The annual financial statements were audited by KPMG Inc, and their report is available for inspection at the company's registered office.



Notice of annual general meeting

Notice is hereby given that the 71st annual general meeting of shareholders will be held at 12h15 on 3 September 2008 at Stanley Lewis Centre, 340 Voortrekker Road, Parow East, Cape Town to transact business as stated in the notice to the annual general meeting which forms part of the annual financial statements.
29 May 2008 14:41:59
(C)
Revenue increased by 8.5% to reach R9.3 billion (R8.5 billion) and gross profit rose marginally to R3.2 billion (R3 billion). Net profit for the year attributable to ordinary shareholders also rose slightly, to R1.13 billion (R1.19 billion). In addition, headline earnings grew 2.4% to 547cps (534.2cps).



Dividend

A final ordinary dividend of 170cps has been declared. In addition, dividend no 143 of 3.25% (6.5cps) in respect of the six months ending 30 September 2008, has been declared.



Prospects

In the last number of years Foschini has been cautious in the opening of new stores. Whilst this remains the approach, there are certain of the group's formats which are ready for further roll-out and accordingly Foschini anticipates opening in excess of 100 new stores in the year ahead. The group has embarked on a group supply chain initiative which should result over a period of time in reduced product lead times, increased stock turns and stronger supplier relationships, ensuring Foschini's ability to be first to market with key products. Retail turnover for the first eight weeks of the new financial year remains difficult. Budgeted costs for the new year have been curtailed to levels appropriate to the expected turnover. Notwithstanding the downturn in the economy, all trading divisions remain in good shape which places the group in good stead to weather the current consumer downturn, although Foschini is mindful of the uncertain and challenging macroeconomic environment.
15 Apr 2008 11:36:41
(Official Notice)
Shareholders are advised of the resignation of Mr L F Bergman from the board of Foschini, with effect from 14 April 2008.
03 Apr 2008 08:30:10
(Media Comment)
According to Business Report, Foschini, would not change its strategy of rolling out the group's @home stores. This was despite the slowdown in the homeware retail sector. However, CE Doug Murray said that the firm was right to trade in this space.
28 Jul 2006 13:15:45
(Official Notice)
With regard to the audited results for the year ended 31 March 2006, shareholders of Foschini are advised that the annual financial statements were distributed today. These contain no significant modifications to the reviewed results that were published on SENS on 25 May 2006. The 69th annual general meeting of shareholders will be held at 12h15 on 30 August 2006 at Stanley Lewis Centre, 340 Voortrekker Road, Parow East.
25 May 2006 14:43:29
(C)
19 Apr 2006 12:05:17
(Official Notice)
Foschini has announced that its basic earnings and headline earnings per share for the year ended 31 March 2006, comprising 53 weeks, are expected to be between 25% and 30% higher than those reported for the 52 weeks ended 31 March 2005. The group's results for the year ending 31 March 2006 will be released on SENS on 25 May 2006.
25 Jan 2006 08:19:55
(Official Notice)
JP Morgan completed a secondary placing of 5 million (2.1%) Foschini shares at a price of R54.50 per share. The sellers of the ordinary shares were companies owned by trusts of which Michael Lewis, a non-executive director of Foschini, is a discretionary beneficiary The seller would continue to own 16.4 million ordinary shares in Foschini, representing 6.8% of Foschini. The seller has consented to a lock-up of 180 days with respect to its residual holding and intends to remain a long term investor in Foschini, and Michael Lewis intends to remain a non-executive director.
13 Jan 2006 11:24:37
(Official Notice)
Foschini reported on 13 January 2006 that sales for the 3 months October to December 2005 (representing 14 weeks) were well above expectations, rising by 19.4% compared to the corresponding period last year. The group cited the lower inflation and lower interest rate environment as major contributors to its performance. All divisions throughout the group performed well above budget with sales for comparable stores growing 14%. These results were achieved with average merchandise inflation for the period of approximately 3%. December Christmas trading climbed 22%.



Foschini noted that a positive trading environment is expected to be maintained, and anticipates continued strong growth in its earnings for the second half of the year.
30 Nov 2005 17:28:07
(Official Notice)
Foschini shareholders are referred to the announcement dated 29 August 2005 relating to the acquisition by Standard Bank of an initial 25% of RCS Investment Holdings (Pty) Ltd with options to acquire an additional 20% in the future ("the RCS transaction") and are advised that the conditions precedent relating to the RCS transaction have been fulfilled. Accordingly, the RCS transaction is now unconditional.
03 Nov 2005 16:21:46
(C)
The lower interest rate environment and buoyant economy continued to benefit consumer confidence and consumer spending has remained strong in the first half of this year. Turnover for the first 6 months increased by 20.8% to R2 890.4 million (R2 393.6 million). Operating profit increased by 31.0% to R598.1 million (R456.6 million) whilst headline earnings increased by 28.8% from 135.9cps to 175.1cps. The group's operating margin increased to 20.7% from 19.1%.



Prospects

Turnover for the first 5 weeks of the second half remains buoyant and well ahead of budget, as customers continue to benefit from the favourable consumer environment. Whilst the second half of the year is always heavily dependent on the level of Christmas trading, the group remain confident about the second half, which this year comprises 27 weeks, and expect to be able to produce continued strong growth in earnings for this period. 75 new stores will be opened in the second half of the year.



Preference dividend announcement

Dividend no. 138 of 3.25% (6.5cps) in respect of the six months ending 31 March 2006 has been declared.



Interim ordinary dividend announcement

An interim ordinary dividend of 80cps has been declared.
05 Oct 2005 08:53:11
(Official Notice)
The company advises that its earnings and headline earnings per share for the 26 weeks ended 24 September 2005 are expected to be between 25% and 30% higher than those reported for the corresponding prior period.

29 Aug 2005 15:13:09
(Official Notice)
Foschini has entered into an agreement in terms of which The Standard Bank of South Africa (`SBSA`) will, subject to the fulfilment of certain conditions precedent, acquire an initial 25% of its subsidiary RCS Investment Holdings (Pty) Ltd (`RCS Investments`) with options to acquire an additional 20% in the future.



The RCS transaction provides that SBSA will acquire an initial 25% of RCS Investments (`the initial RCS shares`) for a total consideration of R358.1m. In addition, SBSA has been granted the following call options by Retail Credit Solutions (Pty) Ltd (`RCS`), the holding company of RCS Investments, to enable SBSA to increase its shareholding in RCS Investments to a maximum of 45%:

*an option to acquire an additional 10% of RCS Investments for a consideration of R137.5m which option is exercisable by SBSA during a period of 20 business days commencing 1 April 2006 (`the 2006 call option`); and

*subject to the exercise of the 2006 call option, an option to acquire a further additional 10% of RCS Investments for a consideration of R137.5m which option is exercisable by SBSA during a period of 20 business days commencing 1 April 2007 (`the 2007 call option`). The effective date of the purchase by SBSA of the initial RCS shares will be the fifth business day following the fulfilment of the conditions precedent.

SBSA has in turn granted RCS a call option (`the RCS call option`) in respect of the initial RCS shares, which option may be exercisable should SBSA not exercise the 2006 call option. The purchase price payable by RCS on exercise of the RCS call option will be equal to the initial RCS share consideration.
28 Jul 2005 15:40:18
(Official Notice)
With regard to the audited results for the year ended 31 March 2005, shareholders of Foschini are advised that the annual financial statements are being distributed today. These contain no significant modifications to the reviewed results that were published on SENS on 26 May 2005.



Notice of annual general meeting

Notice is hereby given that the 68th annual general meeting of shareholders will be held at 12h15 on 31 August 2005 at Stanley Lewis Centre, 340 Voortrekker Road, Parow East, Cape to transact business as stated in the notice to the annual general meeting which forms part of the annual financial statements.
18-Sep-2018
(X)
The Foschini Group Limited is a diverse group with a successful portfolio of 28 leading fashion retail brands across various lifestyle and merchandise categories. Our retail brands - @home, @homelivingspace, American Swiss, Charles - Keith, Colette, Connor, Donna, Duesouth, Exact, Fabiani, The FIX, Foschini, G-Star RAW, hi, Johnny Bigg, Markham, Mat - May, Next, Phase Eight, Rockwear, SODA Bloc, Sportscene, Sterns, Tarocash, Totalsports, Whistles and yd. - offer clothing, jewellery, cellphones, accessories, cosmetics, sporting and outdoor apparel and equipment, and homeware and furniture from value to upper market segments throughout more than 4 034 outlets in 32 countries.



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