Financial review

The Group achieved pleasing results for the financial year ended 30 September 2015 despite a vulnerable South African economy, sustained competition and significant cost push. The following highlights underpinned the performance:

Volume growth and share gains in most key categories
Second half recovery in fruit exports
Progressive expansion of bakery margins
Containment of operating costs
Successful exit of biscuits and Pepsi
Acquisition and integration of the Nigerian joint venture