Page 6 - HGR July + Aug
P. 6

4 NEWSLINE

Why do business
with China?

   Understanding why                     eral trade agreement will help facilitate    2 halls, 3 days,
                                         economic growth.                             450 exhibitors!
   trade relationships
                                           China Homelife Fair and co-located          Onsite matchmaking areas will be
   between China and                     China Machinex, taking place at the         located on both halls and available for
                                         Sandton Convention Centre from 31           buyers and suppliers to conduct busi-
South Africa are vital for               August to 2 September 2017, are the         ness and conclude deals. Complimen-
                                         most effective sourcing platforms           tary Mandarin translators will be on
    economic growth.                     for buyers seeking to do business           hand to assist with facilitating meet-
                                         with leading Chinese companies and          ings between the two.
The relationship between BRICS           manufacturers and equally so for the
partners China and South Africa is       Chinese manufacturers to showcase             Entrance is free and buyers can pre-
pivotal when it comes to trade rela-     their diverse array of quality products     register in advance via www.china-
tions between the two countries. China   to the Southern African buyers. China       homelife.co.za / www.chinamachinex.
is a world-leader in the manufactur-     Homelife will welcome a variety of          co.za. Doors open 10am daily!
ing of products across a broad spec-     top Chinese suppliers across different
trum of industries, and is currently     product segments including; fabrics           Don’t miss out on this business-
South Africa’s largest trade partner.    and garments – the biggest sector at        to-business event, bringing together
In 2015/2016, exports from China         the show, electronics and technology,       quality products from quality suppli-
amounted to nearly R170 billion in       hair, food, furniture, lighting, household  ers. Through platforms such as China
business between South Africa and        and gifts as well as building materials.    Homelife Fair and China Machinex,
China.                                   China Machinex will showcase several        trade between the two BRICS partici-
                                         product segments including; plastic         pants grows and strengthens.
  The action plan is to strengthen the   machinery, food processing and pack-
trade relationship between the two       aging machinery, construction machin-
countries, with the aim of accelerating  ery, agriculture machinery, hardware
the growth of exports to South Africa    and power tools.
as well as exports to China. The bilat-

Ellies - trading statement

Shareholders are advised that Ellies     compared to the HLPS of 57.35 cents for     based on the following number of
expects that its loss per share (”LPS”)  the year ended 30 April 2016.               weighted average shares in issue:
for the year ended 30 April 2017 will
be between 38 cents per share and 47       The above LPS is made up of a loss in       *for the year ended 30 April 2017 :
cents per share, being between 46.45%    the Infrastructure segment of between       620 158 235; *for the year ended 30
and 56.71% lower, compared to the        5 and 10 cents per share, a loss in the     April 2016 : 620 158 235.
LPS of 87.78 cents for the year ended    Consumer segment of between 6 and 11
30 April 2016. Headline loss per share   cents per share and a loss in the Group       Ellies audited results for the year
(”HLPS”) for the year ended 30 April     segment (deconsolidation effects and        ended 30 April 2017 are expected to be
2017 is expected to be between 5 cents   where the group assumes liabilities for     released on SENS on or about 28 July
per share and 11 cents per share, being  group guarantees) of between 25 and 30      2017. The information on which this
between 80.82% and 91.28% lower          cents per share.                            trading statement has been based has
                                                                                     not been reviewed or reported on by
                                           The LPS and HLPS calculations are         the company’s auditors.

HOME GOODS RETAILER | JULY / AUGUST 2017
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