JSE firm buys 49% stake in Senn Foods

The S.A firm will pay P65 million for the minority stake in Senn Foods
The S.A firm will pay P65 million for the minority stake in Senn Foods

RCL Foods, a company listed in the Johannesburg Stock Exchange (JSE) has received regulatory approval to buy a stake in Senn Foods Logistics, Botswana’s biggest cold chain distribution business.

RCL has agreed to spend 79.9 million rand (P66.5 million) for the 49 percent stake as part of its plans to scale up in sub-Saharan Africa and diversifying from its chicken business.

The acquisition will be done through RCL operating subsidiary, Vector Logistics.

Editor's Comment
Congratulations Anicia Gaothuse!

The contest had 10 beautiful young girls as finalists and unfortunately only one could wear the crown.The judges picked Anicia Gaothuse. To all those who feel their contestant should have won ahead of Anicia for whatever reason, hardly; the judges found Anicia to be the best among the best, so desist from disrespecting our newly crowned queen on social media or anywhere else, for that matter! Each of the 10 beautiful young women had supporters...

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