The department is responsible for managing the Group's property portfolio which comprises approximately 1 393 leased properties with annual rental payments of R442 million (excluding the Abra and Incredible Connection chains) and 13 company owned properties valued at R460 million.

During the past financial year 76 stores were renovated (three in Cash Retail and 73 in Traditional Retail). In addition to the above, 17 stores were relocated (six in Cash Retail and 11 in Traditional Retail).

The establishment of new stores, renovations and relocations amounted to
R115,7 million (R77,3 million in Cash Retail and R38,4 million in Traditional Retail). Property Services achieves its mandate by means of three interrelated disciplines namely property procurement, projects and legal and administration and the department's full range of functions are totally aligned with the Group's strategic business operating model.