TFG, in a trading update, reported group sales up 0.2% to R23bn, or 2% in constant currency, with TFG Africa up 3.4%. TFG Africa like-for-like sales increased 1.5%, while London rose 1.8% and Australia fell 4.1%. Growth was supported by online sales, particularly Bash, while Australia remained under pressure. Management remains cautious, with further store closures planned to improve profitability and returns.
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