Truworths International Limited
Truworths International Limited is a public company incorporated in the Republic of South Africa and registered with the Companies and Intellectual Property Commission (CIPC) under registration number 1944/017491/06. Its registered office is in Cape Town (8001) and its status on the CIPC register is active (registry data last synced 11 August 2026). Truworths International Limited is an investment holding and management company; through its principal trading subsidiaries Truworths Limited (South Africa) and Office Holdings Limited (United Kingdom) it conducts the cash and account retailing of fashion apparel, footwear, homeware and related merchandise. Trading chains include Truworths, Identity and Young Designers Emporium in Africa and Office and Offspring in the United Kingdom and the Republic of Ireland. In South Africa the group also operates a customer account (in-store credit) book through its licensed credit provider, Truworths Limited.
The retail business traces its origins to 1917; the company was registered in 1944, and the present listed holding-company structure dates from its listing on the Johannesburg Stock Exchange (JSE) and the Namibian Stock Exchange in 1998 following its unbundling from Wooltru. Truworths International Limited trades on the JSE, A2X Markets and the Namibian Stock Exchange under the code TRU (NSX code TRW); its shares carry ISIN ZAE000028296 and issued share capital is 408,498,899 ordinary shares.
For the 52-week period ended 29 June 2025, Truworths International Limited’s most recent audited integrated report showed consolidated revenue of R23.07 billion, group retail sales of R21.96 billion, group trading profit of R2.89 billion (2024: R4.22 billion, which included a R1.0 billion Office UK trademark impairment reversal) and headline earnings per share of 752.1 cents (2024: 817.9 cents). The group employed 9,181 full-time-equivalent employees at that date and operated about 810 Truworths and Identity stores across South Africa and neighbouring countries, plus about 87 Office and Offspring outlets in the United Kingdom and Ireland. Gross active trade receivables were R6.45 billion.
For the following 52-week period ended 28 June 2026, results released on 27 August 2026 reported group retail sales down 0.9% to R21.8 billion, with Office UK retail sales up 4.9% to GBP 334.1 million and Truworths Africa retail sales down 2.1% to R14.2 billion. Group headline earnings per share were 732.2 cents and earnings per share 724.6 cents; the total dividend was 474 cents per share (final dividend 153 cents). The group ended the period in a net cash position of about R196 million, and online sales were about 21% of group retail sales. During the 2025 period the group completed a new Truworths Africa distribution centre (awarded EDGE Advanced certification in July 2024); the dormant Office Retail Group entities were dissolved in February 2025; and in the 2026 period the group acquired the Office UK distribution centre premises in Kilmarnock, Scotland.
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Shareholders
5
South Africa does not maintain a fully public shareholder register, but as a JSE-listed issuer Truworths International Limited discloses major holders in its integrated annual report and through SENS. Per the audited annual financial statements for the 52 weeks ended 29 June 2025, juristic persons with beneficial interests above 3% of issued shares were: Government Employees Pension Fund (South Africa) 21.5%; Truworths International Limited itself (treasury shares held via Truworths Trading (Pty) Ltd) 6.0%; Standard Bank (South Africa) 5.0%; Westwood Global Investments LLC (United States) 4.8%; Norges Bank Investment Management (Norway) 4.6%; Old Mutual (South Africa) 4.0%; and The Vanguard Group Inc. (United States) 3.6%. On a fund-manager view at the same date the Public Investment Corporation (South Africa) administered 18.9%, ahead of Westwood Global Investment LLC 6.9%, Fairtree Asset Management 6.1% and Old Mutual Investment Group 4.6%. By holder type, unit trusts and mutual funds held 39.8% and pension funds 36.6%; 91.5% of shares were classified as public. The passive emerging-markets index funds and ETFs shown in aggregator data (iShares, Vanguard, WisdomTree and similar) are float positions, not disclosed control blocks.
Ultimate beneficial ownership
Truworths International Limited is a widely held listed company with no controlling shareholder and no single ultimate beneficial owner, so no complete controlling ownership chain exists. The Government Employees Pension Fund, managed by the Public Investment Corporation, is the largest holder at about 21.5% but does not control the company.
Data availability: major-holder figures come from JSE-mandated disclosures in the integrated annual report and section 56 Companies Act enquiries as at 29 June 2025; there is no continuously updated public shareholder register and holdings change between reporting dates.
Sources
- Truworths International Limited – Group and Company Audited Annual Financial Statements 2025 (Shareholder Information; Holders of Major Beneficial Interests in Shares; Major Fund Managers) – https://www.truworths.co.za/file/collections/FY2025AFS.pdf – published August 2025, retrieved 7 September 2026
Registry feed — rows exactly as filed with Companies and Intellectual Property Commission (CIPC), including entries the profile above does not cover.
| Shareholder | Type | Holding | Source Document |
|---|---|---|---|
| WisdomTree Tr-WisdomTree Emerging Markets Small Cap Dividend Fund | 9.8% | Companies and Intellectual Property Commission (CIPC) | |
| VANGUARD Intl Eqy. INDEX Fd.S-Vanguard Emerging Markets Stock Index Fd | 9.1% | Companies and Intellectual Property Commission (CIPC) | |
| iShares Emerging Markets Dividend ETF | 3.5% | Companies and Intellectual Property Commission (CIPC) | |
| Vanguard Intl Equity Index Fds-FTSE All World ex U.S.Small Cap Index | 2.7% | Companies and Intellectual Property Commission (CIPC) | |
| American Century ETF Trust-Avantis Emerging Markets Equity ETF | 2.4% | Companies and Intellectual Property Commission (CIPC) |
Officers
11
At 29 June 2025 (the date of the latest audited annual financial statements) Truworths International Limited’s board comprised 14 directors: three executive and eleven non-executive, with the non-executive directors classified as independent. The executive directors are Michael Mark (Chief Executive Officer), Emanuel Cristaudo (Chief Financial Officer and joint Deputy CEO) and Sarah Proudfoot (joint Deputy CEO). The non-executive directors are Hilton Saven (Chairman, on the board since February 2003 and Chairman since May 2004), Hans Hawinkels (Lead Independent Director), Brendan Deegan, Rob Dow, Dawn Earp, Tshidi Mokgabudi, Thabo Mosololi, Daphne Motsepe, Wayne Muller, Roddy Sparks and Tony Taylor. The company secretary is Chris Durham. Some registry surnames carry appended qualifications (for example CA(SA), B.Com, Dip. EDP); these are professional designations, not part of the names. Nationality is not disclosed by CIPC. Sarah Proudfoot and Emanuel Cristaudo were appointed joint Deputy CEOs on 1 October 2022 under the group’s CEO-succession plan; at the 27 August 2026 results no retirement date for Michael Mark had been announced and the nomination committee said it remained comfortable with the arrangement.
Recent board changes:
- 1 October 2024 – Brendan Deegan appointed independent non-executive director and Audit Committee member; Audit Committee chairman from 7 November 2024, succeeding Roddy Sparks in that role.
- 21 August 2026 – Chairman Hilton Saven to retire at the AGM on 5 November 2026 and not seek re-election; Lead Independent Director Hans Hawinkels to succeed him as Chairman from the close of that AGM.
- 21 August 2026 – Wayne Muller to chair the Remuneration Committee and join the Risk Committee after the 2026 AGM.
Data availability: board composition is from the company’s audited annual financial statements and integrated report; changes are from JSE SENS announcements. CIPC does not publish director nationality or dates of birth.
Sources
- Truworths International Limited – Group and Company Audited Annual Financial Statements 2025 (Directors’ Report; note 28 Directors and Employees) – https://www.truworths.co.za/file/collections/FY2025AFS.pdf – published August 2025, retrieved 7 September 2026
- Sunday World – “Truworths names new chairman as sales come under pressure” – https://sundayworld.co.za/business/truworths-names-new-chairman-as-sales-come-under-pressure/ – 21 August 2026, retrieved 7 September 2026
- Moneyweb SENS – “Truworths International Limited – Changes to the board and board committees” – https://www.moneyweb.co.za/mny_sens/truworths-international-limited-changes-to-the-board-and-board-committees-2/ – 21 August 2026, retrieved 7 September 2026
Registry feed — rows exactly as filed with Companies and Intellectual Property Commission (CIPC), including entries the profile above does not cover.
Group Structure
Truworths International Limited is the holding company of the group and is listed on the JSE, A2X Markets and the Namibian Stock Exchange; it has no parent and is the ultimate parent entity. Its principal subsidiaries, with effective interest per the 2025 audited annual financial statements (Annexure One – Details of Subsidiaries), are set out below. Percentages are as officially reported; entities are shown as wholly owned only where the report states 100%.
- Truworths Limited – South Africa – 100% (main operating retailer and licensed credit provider)
- Young Designers Emporium (Pty) Ltd – South Africa – 100%
- Truworths Trading (Pty) Ltd – South Africa – 100% (group investment company)
- Identity Retailing (Pty) Ltd – South Africa – 100% (indirect)
- Truworths (Namibia) Ltd, Truworths (Swaziland) Ltd (eSwatini), Truworths (Lesotho), Truworths Botswana, Truworths (Zambia) Ltd – 100% each
- Truworths Real Estate Investment Company (K2022434602 (South Africa) (Pty) Ltd) – South Africa – 100%
- Truworths Intellectual Property Ltd – Isle of Man – 100%
- Truworths UK Holdco 1 Ltd – United Kingdom – 100%; Truworths UK Holdco 2 Ltd and Truworths UK Holdco 3 Ltd – United Kingdom – 99.7%
- Office Holdings Ltd – United Kingdom – 99.7% (Office and Offspring footwear retailer)
Main jurisdictions: South Africa, the United Kingdom and the Republic of Ireland, other southern African countries (Namibia, Botswana, eSwatini, Lesotho, Zambia) and the Isle of Man (intellectual-property holding). Information date: 29 June 2025. Country availability: CIPC does not publish a consolidated group register; UK subsidiaries are filed at Companies House; the structure above is taken from the group’s audited annual financial statements.
Recent structural changes:
- February 2025 – Office Retail Group Ltd, Office Retail Midco 1 Ltd and Office Retail Ltd (United Kingdom) dissolved.
- Between 30 June 2024 and 29 June 2025 – the group’s effective interest in the UK Office holding companies rose from 99.4% to 99.7% (share-plan related).
- 2026 period – acquisition of the Office UK distribution centre premises in Kilmarnock, Scotland (announced with the 27 August 2026 results).
Sources
- Truworths International Limited – Group and Company Audited Annual Financial Statements 2025 (Annexure One – Details of Subsidiaries; Directors’ Report) – https://www.truworths.co.za/file/collections/FY2025AFS.pdf – published August 2025, retrieved 7 September 2026
- Investing.com – “Earnings call transcript: Truworths H2 2026 profit slips as cash flow stays strong” – https://www.investing.com/news/transcripts/earnings-call-transcript-truworths-h2-2026-profit-slips-as-cash-flow-stays-strong-93CH-4881527 – 27 August 2026, retrieved 7 September 2026
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Frequently Asked Questions
What is the exact legal name of the company?
Truworths International Limited.
What is its CIPC registration number?
The Companies and Intellectual Property Commission (CIPC) registration number is 1944/017491/06.
What is the jurisdiction and registry?
South Africa. The company is registered with the CIPC. Its registered office is in Cape Town, 8001.
What is the legal form?
A public company (Limited) governed by the South African Companies Act 71 of 2008. It is listed on the JSE, A2X Markets and the Namibian Stock Exchange.
When was the company incorporated?
The registration number indicates registration in 1944. The retail business traces its origins to 1917. The present listed holding-company structure dates from the 1998 JSE and Namibian Stock Exchange listing after the unbundling from Wooltru. An exact incorporation day and month was not found in accessible public sources.
What is the current status?
Active on the CIPC register (registry data last synced 11 August 2026).
Where is the registered office?
Cape Town, 8001, South Africa.
What does the company do?
It is an investment holding and management company. Through subsidiaries Truworths Limited (South Africa) and Office Holdings Limited (United Kingdom) it retails fashion apparel, footwear, homeware and related merchandise for cash and on account, under chains including Truworths, Identity, Office and Offspring, and operates an in-store customer account (credit) book in South Africa.
Where are the shares listed and what is the ISIN?
On the Johannesburg Stock Exchange and A2X Markets under code TRU, and on the Namibian Stock Exchange under code TRW. The ISIN is ZAE000028296 and there are 408,498,899 ordinary shares in issue.
How many stores does the group operate?
At 29 June 2025 the group operated about 810 Truworths and Identity stores in South Africa and neighbouring countries, plus about 87 Office and Offspring outlets in the United Kingdom and the Republic of Ireland.
What are the latest revenue, retail sales and earnings figures?
For the 52 weeks ended 28 June 2026 (results released 27 August 2026), group retail sales fell 0.9% to R21.8 billion, headline earnings per share were 732.2 cents and earnings per share 724.6 cents, with a total dividend of 474 cents per share. For the prior audited year ended 29 June 2025, consolidated revenue was R23.07 billion, group retail sales R21.96 billion and headline earnings per share 752.1 cents.
How many employees does the group have?
The group employed 9,181 full-time-equivalent employees at 29 June 2025, per its 2025 annual financial statements.
What are the main recent developments?
On 27 August 2026 the group reported lower FY2026 sales and earnings amid weak consumer spending in South Africa and the UK. On 21 August 2026 it announced that Chairman Hilton Saven would retire at the AGM on 5 November 2026, with Lead Independent Director Hans Hawinkels to succeed him. Long-serving CEO Michael Mark remained in office.
Is Truworths International Limited still an active company?
Truworths International Limited's status on Companies and Intellectual Property Commission (CIPC) is listed as active.
What is Truworths International Limited's registered address?
The registered address on file for Truworths International Limited is Cape Town, South Africa.
Can Zavia monitor changes to Truworths International Limited's ownership over time?
This profile reflects a point-in-time snapshot from Companies and Intellectual Property Commission (CIPC). Zavia's monitoring API can track changes to Truworths International Limited's registered shareholders, officers, and group structure going forward, flagging updates as they're filed rather than requiring a manual recheck.
Can I access Truworths International Limited's data through an API?
Yes. Zavia's API connects directly to official government ownership registries across 195 countries and territories, including South Africa, so records like Truworths International Limited's registration, shareholder, UBO, and group-structure data can be queried programmatically instead of viewed one page at a time.
Where does this company information come from, and how current is it?
This record is sourced directly from Companies and Intellectual Property Commission (CIPC) and was last synced on 11 August 2026.