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financial services

financial services. financial services. woolworths card. Card debtors increased by 27.4% to R2.4bn Number of accounts increased by 9% to 1.16m Contribution to sales increased to 33.7% (2003: 32.8%). financial services. personal loans. Personal loans increased by 33.5% to R670m

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financial services

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  1. financial services

  2. financial services woolworths card • Card debtors increased by 27.4% to R2.4bn • Number of accounts increased by 9% to 1.16m • Contribution to sales increased to 33.7% (2003: 32.8%)

  3. financial services personal loans • Personal loans increased by 33.5% to R670m • Number of accounts increased by 16% to 137 000

  4. financial services visa card • Visa card increased by 77.7% to R234m • Number of accounts increased by 40% to 56 000

  5. financial services the way forward • New management team • Fresh thinking emerging • Growth of book • Customer recruitment strategy • Disciplined credit-granting - balance growth with health of book • Profitability • Interest rate decline versus H1 2004 reduces interest net income by c. R55m • Potential consolidation of various money-lending acts – positive • Evaluating options to improve returns • Exit unit trust

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