JDG - JD Group Limited - Dealing in securities by a director's associate JD GROUP LIMITED (Registration number 1981/009108/06) (Incorporated in the Republic of South Africa) ...read more

DG JDG - JD Group Limited - Resignation of Independent Non-Executive Director JD GROUP LIMITED (Registration number 1981/009108/06) (Incorporated in the Republic of South Africa) Share code: JDG ISIN: ZAE000030771 ("JD Group" or "the Group") RESIGNATION OF INDEPENDENT NON-EXECUTIVE DIRECTOR In compliance with paragraph 3.59(b) of the Listings Requirements of the JSE Limited, the board of directors of JD Group ("the board") hereby notifies its shareholders with regret of the resignation by Professor Mervyn King from the board with effect from 1 July 2010.
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At the release of the Group's year-end results we stated that job creation and the high levels of indebtedness of the consumer were the two most critical factors influencing top line sales growth. Notwithstanding the sharp decline in interest rates, the consumer remains heavily indebted at near record levels and high levels of unemployment persist
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