Real Estate Investor Magazine South Africa November 2013 | Page 67

OFFSHORE 15 new stores outside South Africa in the next three years. Towards the end of the period Grant Pattison, CEO of Massmart, expects the ratio of new openings to shift away from South Africa and towards the rest of the continent. for more than half the total revenue increase that all businesses are e X?Y??[?\?]H[??Y??X?H?HH[??HX?YHX???[???B??\??HX??[??^H ???\[?H?H?\?H??HY??X?[????[Y\????]????\??Y??X?[?^[??[???[??HZ?\?????]H?[????X?[?XYH?Y\????B?NL???\?[? M???[??Y\??]?YH??]Y??X?K??]?[?Y NH?]??\\?X\??]??]?YH??]?Y??X?H[?]? ? L??[?[??X[YX\?[?\?H?\?\??????\?YY?? ? M ??[Z[\?KH????[?B???\[????X?H]? L ??\??]?YB???]Y??X?H[?H?^?YHYX\????^?X]Y\???'[??X?T?Z\?[?Y??X?K???[???\??Y\??[X[?\???\Y?][?[??X\?[??H?[?[???YY?\??Y\??\?KXZ?[??]X\?Y\?????][??]Z[\???[??\?X?X[H\??\??\??\?[??\\?X\??]?[?[X???X??\?H???\??Y 8?'H?^\???K?\?[?H[?Y??X?HX\???[?[\?[??Y?[???\?B?[??\?Y[? ?[?[??H??\???[?H?X??[???[??\?Y[???[?]Y\?[??[?YB?]]X[H[??\?]?H??? ?Y??X?x?&\????[Y\??X?[??[?\??Y\?\?H^X?Y?????H[?B?[? ?[[??H ? ? ?]??[X???[?????]Y??X?H?\??[?H??^?X]Y\??]B?????[??Y??X?[???[??Y\?XZ?[??[??\?Y[??[??]??[??H[H[?H]?X?]?H[?\??\?Z[?H?H?X??]^H?[?]??Y\??[??\?[??[?Y??X?K?????[??Y\?[?Y??X?H?]^?X]Y\[?\?XK\????Y?\?XK[?\?XK????[?K?X[]?K??[?KY?[?KY?\ X]\?]]\???^X?[\??[X?XK][?XK[?[X?\]YK???^?[[? ?[X?X??K?[?K?[ZX?XK[??[?XB?X???[??????][??\??]??\????[??\?Y[?\?H?X?]H\??H?[??B?Y??X?[??[][?\??[??HY?H? ? ?X??YX[??]?][?H?^\?HYX\??Y??X?B??[]?HH\??\????[??XY?H?[][?[???[?K?8?'H???[????????H?[[?\???\?[[??[?H[?^H?Z[???[?[?[?H??[?]Y\???[??\????[?[?????XZ?[??HY??X?[???X\??] ?\?[?H[?H?X??YH????[??Y?B?[?[?H?]?Z\?\?[???&H?Y\?\?H?[??HH?X]\??YY??[???\??X?\?K?[???[???\?[??8?'H?^\????] ??H?^\?]H??[?]Y\?[??[?X[?\?H\?K?]?]Y??X?HX???\?H?[?[??X[??\??\??\??X?\?\??[H?[?Y\B???[?[????ZY?[??\????YZ?[??H?\??]\???]\??[??]^H?[?X?Y]?H[?Z\??YB???[??Y\?8?'\?H??[??H?]H??[?[?8?&\??Y??\?X???^K??]Y??X?H\?[?^\??Y[???Y[?\?H?]]?^H[??H?\??Y??X?K??] ?H?\??[??]H??????[H\?[??H?????\?[???YH??\??ZY???\???X?\?Y?X[?H??]Y??X?[???\[?Y\?^[?[??[??H?\??H??[?[? 8?'H?^\????] ???YY?^X?]]?H??[?H??\ ?\??[??[\\?H?^\?\?x?&\??]?\??Y[?H?]\?[YB??[?\??\?Z[?Y??X?[?X\??]??]?]][??[??\?????Z\??Y]???8?'H?\?[???[?\?Y[?Y?Z[????[??Y\??]?\?Z[?X?B??X?H[[??X?Y\?[?HX??[??H??\???'B???T??T??T????? ?K?PV ?[?H??\???TH?????[????Y\?YZ??\?K?]?\?[?K[???^B???? ?? ?\?[[?  ???B?[? ?? ?H ?  L???^? ?? ? ?? ?L???X?X[??]Y??X?[?X\??][??Y?[????T??T?UT????\??\?]\???B????X???[??H[[?\? ?? ?  ???[??P?\?[??X[K???H????\?[??X[K???B??