Glenwood High School has successfully qualified for the Makro (Springfield Park) School Rebate for the period July 2009 – December 2009. The approved rebate is in the amount of R1637.26
The next period is January 2010 – June 2010. In order to qualify to receive the School Rebate, Glenwood will need to reach the targets based on the below sliding scale table. The rebate earned will be dependent on the sales targets achieved.
| SALES TARGETS (accumulated sales for the 6 month period) |
REBATE (% of gross margin) |
| R90,00 – R599,99 | 10% |
| R600,00 – R1, 799,999 | 15% |
| R1,800,000 – R2,999,999 | 20% |
| R3,000,000 and up | 25% |