Sechaba cautions shareholders

Monday, July 07, 2014

Botswana Stock Exchange listed Brewery, Sechaba has advised shareholders that the company’s board of directors is still assessing the full impact of certain corporate change proposals that if embarked upon and successfully implemented, may have an effect on the price at which the company’s securities trade.

Sechaba, which recently released its full year results in which the company said it continues to experience weakening sales, have advised shareholders to exercise caution when dealing in the company’s securities until a further detailed announcement is made. Due to the recent traditional beer regulations and the 50 percent Alcohol Levy, Sechaba has been experiencing reduced profit margins since 2009.

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