Annual Report - JD Group
Annual Report - JD Group
Annual Report - JD Group
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1996<br />
1998<br />
2000<br />
Penny Heyns<br />
scoops 3 Olympic<br />
Gold Medals<br />
The share price doubled to over R23 and our market cap to over<br />
R2,5 billion in less than 12 months, whilst gearing drops by 50%.<br />
The world is moving fast. Things are changing by the day, the hour,<br />
the second. We are edging closer to the new millennium and technology<br />
is the new kid on the block. Never afraid of change, embracing new<br />
opportunities, the <strong>Group</strong> hits the technology frontier as satellite<br />
communication systems are installed and electronic data interchange<br />
provides management information and improved communication<br />
with suppliers.<br />
By 1998 e-mail is all the<br />
rage, dot.coms are happening,<br />
the world-wide-web is it!<br />
27<br />
The company continues to grow, market<br />
cap breaks R4 billion, 70 stores are opened<br />
and we pay R100 million in tax.<br />
The new Millennium dawns and a potential merger between <strong>JD</strong><br />
and Ellerine Holdings is prohibited by the Competition Tribunal.<br />
The good relationship with organised labour leads to the<br />
conclusion of a two year wage agreement bringing smiles to<br />
everyone in the company.<br />
2000 becomes another landmark year for <strong>JD</strong> as the <strong>Group</strong>’s global<br />
dream is realised by acquiring Abra in Poland. This is a proud<br />
moment and could not have been possible without the ongoing<br />
support of suppliers, investors, <strong>JD</strong> people and customers, a<br />
winning combination. The <strong>Group</strong> continues to grow with the share<br />
price reaching an all time high of R50!
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