Sefalana expects profits to soar beyond P100m
Friday, January 18, 2019
The group whose retail wing, Sefalana Cash and Carry is growing rapidly in Lesotho, Namibia and South Africa, announced record high revenues and profits for the year ended April 30, 2018 of P4.8 billion and P231.7 million respectively. The group recently announced that its performance for the six months from the bumper profits to October 2018, would equally be strong.
“The board of Sefalana is pleased to announce that Sefalana’s group profit before tax for the six month period that ended October 31, 2018 will be between 15% - 25% higher than that reported for the comparative period ended October 31, 2017 which amounted to P83.1 million,” the group’s finance director, Mohamed Osman said in a Botswana Stock Exchange (BSE) announcement to investors.
The recent disclosure by the IEC that 2,513 registrations have been turned down due to various irregularities should prompt all Batswana to meticulously review the voters' rolls and address concerns about rejected registrations.The disparities flagged by the IEC are troubling and emphasise the significance of rigorous voter registration processes.Out of the rejected registrations, 29 individuals were disqualified due to non-existent Omang...