interim group results for the six months ended 29 February 2008
Accounting policies

These interim financial results have been prepared in accordance with IAS 34, Interim Financial Reporting and the accounting policies used are consistent with those applicable for the 2007 annual financial statements.

1. Discontinued operations
    6 months to 6 months to Year to
    29 February 2008 28 February 2007 31 August 2007
  R’000 (unaudited) (unaudited) (audited)
  Revenue from discontinued operations 51 903 629 910 1 192 255
  Turnover 50 140 612 243 1 153 507
  Cost of merchandise sold (36 172) (449 233) (828 873)
  Gross profit 13 968 163 010 324 634
  Other income 1 763 17 667 38 748
  Expenses (7 623) (160 716) (323 421)
     Depreciation and
   amortisation
(44) (8 518) (16 758)
     Occupancy costs 4 118 (26 994) (51 322)
     Employment costs (7 360) (66 143) (148 939)
     Other costs (4 337) (59 061) (106 402)
  Loss on disposal of property,
plant and equipment
(4) (571) (2 890)
  Profit from operations 8 104 19 390 37 071
  Profit on disposal of business 23 649
  Profit before taxation 31 753 19 390 37 071
  Income tax 1 928 (5 789) (10 751)
  Profit for the period from discontinued operations 33 681 13 601 26 320
  During September 2007 the Discom business unit was sold to Edgars Consolidated Stores Limited (“Edcon”).

Set out above are the results of the Discom business unit which, as a result of meeting the definition of a discontinued operation, are required to be separately disclosed from the results of the continuing operations.