Mynhardts taste first fruits after Furnmart delisting

Thriving: Furnmart's founding family are reaping the rewards of going private PIC:PHATSIMO KAPENG
Thriving: Furnmart's founding family are reaping the rewards of going private PIC:PHATSIMO KAPENG

Furnmart Limited, the retail giant with 139 stores in the region, is due to deliver its first dividends after it exited the Botswana Stock Exchange last March, BusinessWeek has established.

After 21 years on the local exchange, Furnmart delisted and went back into the hands of founders, the Mynhardt family, who controlled approximately 92% of the group after the BSE exit.

According to the group’s Annual Report released this week, Furnmart posted pretax profits of P161.3 million for the year ended July 31, 2019, compared with P140.3 million the previous corresponding period.

Editor's Comment
Congratulations Anicia Gaothuse!

The contest had 10 beautiful young girls as finalists and unfortunately only one could wear the crown.The judges picked Anicia Gaothuse. To all those who feel their contestant should have won ahead of Anicia for whatever reason, hardly; the judges found Anicia to be the best among the best, so desist from disrespecting our newly crowned queen on social media or anywhere else, for that matter! Each of the 10 beautiful young women had supporters...

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