FSG on regional expansion drive

Listed on the Botswana Stock Exchange (BSE), the group currently operates in Botswana and Zambia. In its latest full-year results released on Friday, FSG group managing director, Milivoje Nikolic stated that the group performed in line with expectations. “In the year 2015, the group will focus on regional expansion in South Africa and Zimbabwe. Opportunities to diversify are also being considered. Investment in modernisation of fleet and other infrastructure to equip the branches with better customer-service delivery will continue,” he said in a commentary.

Nikolic further said revenue and profit before tax showed remarkable growth, adding that the group retained its position as the market leader.