| Notes to the consolidated financial statements – Note 34 |
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2014
R’000 |
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2013
R’000 |
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| 34. |
Commitments |
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Capital expenditure approved |
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Contracted for |
713 862 |
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1 011 840 |
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Not contracted for |
1 173 293 |
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808 060 |
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1 887 155 |
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1 819 900 |
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Capital expenditure amounting to R1 749 million (2013: R1 760 million) is in respect of property, plant and equipment and the remaining balance is in respect of computer software. It is anticipated that capital expenditure will be financed out of existing cash resources. |
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In addition to the above, the Group has acquired a 60% interest in Gruppo Dac S.p.A. (DAC) a
leading Italian foodservice provider, as well as a significant controlling stake in PCL 24/7 Limited
(PCL), a specialist chilled products storage and distribution business operating in the United Kingdom,
with effect from July 1 2014. The aggregate purchase consideration is approximately £95 million
(R1 717 million). |
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| Notes to the consolidated financial statements – Note 34 |
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