Truworths plans R800m in capex

SOUTH African retail group, Truworths has committed R895 million in capital expenditure for the 2024 financial year, after its retail sales for the year ended July 2023 soared to record levels.
Accounting to investors on Thursday, Truworths noted that R400 million of the planned capex will be dedicated to the continued development of the new Truworths distribution centre for the Truworths Africa segment that is to be commissioned by the next financial year-end.
This comes as the owner of the Office London and Loads of Living brands reported an 11,4 percent rise in retail sales for the year under review, surpassing the R20 billion mark for the first time, at R20,6 billion