Sefalana issue raises p255m

A Friday release from the group indicates that the offer was strongly supported, keeping in line with the strong investor sentiment that saw the group emerging as the Botswana Stock Exchange’s biggest earner last year. Sefalana intends to plough the proceeds of the rights issue into its newly acquired Namibian retail chain which comprises 12 stores. Sefalana, the first firm to list on the domestic bourse, has over 42 wholesale and retail businesses across the country.