19 Jul - 2 min read

Voluntary update on impact of civil unrest on Lewis group

Voluntary update on impact of civil unrest on Lewis group

Lewis Group Limited
Incorporated in the Republic of South Africa
Registration number: 2004/009817/06
JSE share code: LEW
ISIN: ZAE000058236
Bond code: LEWI
(“Lewis Group” or “the group”)


The widespread violence and looting experienced in KwaZulu-Natal and parts of
Gauteng last week has had a significant impact on the group’s store operations.
A total of 58 stores were looted and damaged and are currently not able to trade,
including 54 stores in the ‘traditional’ segment across the Lewis, Beares and Best Home
& Electric brands and four UFO stores.
At the height of the unrest last week over 260 stores across the group were closed as a
precautionary measure to ensure the safety of employees and customers, and to
minimise losses.
Management is currently assessing the extent of the vandalism and it is too early to
provide an estimate of the damage to the stores. The group has SA Special Risk
Insurance Association (SASRIA) cover for losses arising from riot action.
The group is working closely with its supply chain partners, landlords and other service
providers to restore operations as speedily as possible. Besides the damaged stores,
only seven other stores remain closed today, Monday 19 July.

Cape Town
19 July 2021

UBS South Africa (Pty) Ltd

Debt sponsor
Absa Bank Limited acting through its Corporate and Investment Banking Division


Date: 19-07-2021 04:05:00
Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
 the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, 
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
 information disseminated through SENS.
Information on this Website is provided for general information purposes only and is not a substitute for professional advice. ASX Information (including company announcements and prices) is delayed by at least 20 minutes. JSE Information (including company announcements and prices) is delayed by at least 15 minutes. Reliance on the information you access on or from this Website is solely at your own risk. We make no representation or warranty in relation to the future performance of the companies that appear on this Website. Investment in securities involves risk and you should obtain independent professional legal, financial, investment or company advice before acting on any of the information you access on this Website. Using, browsing or otherwise accessing this Website is subject to our Terms and Conditions and our Privacy Policy.

© 2021 Listcorp. ABN 60 166 140 307

Never miss news from Lewis Group Limited (JSE:LEW) when you join Listcorp.