Sefalana appoints Kedikilwe to board

Isaac Pinielo | Wednesday December 10, 2014 14:36

Dr Kedikilwe assumed these roles since the beginning of this month, according to Sefalana group finance director, Mohamed Osman.

The former vice president is expected to bring to the board a wealth of experience and expertise, which will assist in steering the group towards further growth and success.

Meanwhile, the group will publish its half-year financial results for the six months ended October 31, 2014 by the end of January 2015.

The group expects its net income and earnings per share attributable to its equity shareholders for the period to be significantly higher than that for the comparative period last year.

Last year, during the same period, the group’s revenue was up two percent to P1.18 billion and the company’s profit before tax rose 46 percent to P63.6 million.

The growth rates were predominantly underpinned by continued emphasis on improving retail store offering, focusing on the provision of a larger product range, improved quality of service and better understanding of market needs.  Due to an aggressive expansion of its Shoppers supermarkets, Sefalana now operates over 42 wholesale and retail businesses across the country.

The group is the second largest retailer after Choppies. In the previous period, Sefalana Cash and Carry Limited (Sefcash) respectively contributed 87 percent and 56 percent of the group’s revenue and profit before tax.

Food Botswana contributed eight percent of group turnover and just over 29 percent of profit.