Strong Cash Conversion and Dividend Payout
Achieved 90% cash conversion, reduced dividend cover, and returned ZAR 10 billion to shareholders through special dividends, share buybacks, and ordinary dividends.
Successful Portfolio Optimization
Completed disposals of Carozzi, Baby Wellbeing, and LAF, and exceeded SKU rationalization targets, resulting in volume growth of 3.5% and adjusted growth of 5.8%.
Double-Digit Operating Margin
Achieved an operating margin of 11.1%, marking a significant improvement in organizational performance.
Sustainability and Agricultural Initiatives
Made significant progress in sustainability initiatives, including securing jobs, supporting small farmers, and reducing emissions and waste.
Expansion in General Trade
Increased general trade presence to over 100,000 stores from 60,000 in two years, supported by technology and route-to-market strategies.
Leadership Development
Filled 60% of leadership vacancies internally, highlighting strong talent development within the organization.
Exceeding Guidance Targets
Exceeded medium-term guidance targets in volume growth, revenue growth, and operating margin.
Mega Site Developments
Progress in mega site developments, including a super bakery and a Mega DC, expected to enhance operational efficiencies.
Digital Transformation and AI Initiatives
Implemented AI and digitalization strategies to enhance logistics and route-to-market efficiencies.