Sefalana posts impressive half-year results
Friday, January 31, 2020
The group realised a whopping 48% sales growth, following a subdued two years. The Botswana Stock Exchange-listed grocer announced revenue of P2.8 billion, up 11% from last year. According to the latest report, Sefalana Botswana contributed 57% and 29% of the group’s revenue and profit before tax respectively, as they opened two new stores in Kazungula and the largest Shoppers Store at Setlhoa, along the A1 road, where they also opened their first petrol station and quick shop. Sefalana also announced they will be replicating the Setlhoa example with the relocation of their Broadhurst store to a strategic location along the A1 road, where it will be more convenient for drive-by customers. The relocation is expected to be complete after 12 months, but the deputy CEO said the site for their second A1 road store has been secured while the Broadhurst one has also found a taker.
Announcing their half-year results on Thursday in Gaborone, Sefalana also waxed lyrical about their beverage division, as their milk product surpassed expectation with over a million sales in December alone, as market demands soared.
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...