TFG says it is quietly optimistic about the future and is confident about reaching its medium-and long-term growth targets.Chief financial officer Anthony Thunström says while there are challenges in local and international operations, the company will not fall into "an excuses trap", and intends to deliver.Speaking at the JSE on Wednesday, Thunström said there was no shortage of hurdles."Investors abroad look at SA and all they see are the rising interest rates, the forecast of 0% GDP growth, the fuel prices and the political noise. In the UK, there are worries about Brexit and … retailing in that region has in general been on the decline. We can’t manage the things out of our hands, but we can manage our brands and the customer experience," he said.Like other South African retailers, such as Woolworths and Truworths, TFG expanded its operations offshore. But it has stressed that the move to the UK, through the acquisition of Phase Eight and Whistles, was not done as a rand hedge, ...
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