Furnmart profits weaken on closure of Zambian operations

Furnmart closed its Zambian operations last year
Furnmart closed its Zambian operations last year

Household furniture and appliances retailer, Furnmart reported a decrease in gross profit margins during the last six months due to strong competition in the region as well as the closure of their Zambian operations.

The Botswana Stock Exchange-listed company said trading across its operations has been subdued during the six months to end of January 2017.

It said the decrease in gross profit margins was mainly due to the winding down of its Zambian operations.

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Mabogo dinku a thebana

According to both the acting director of Veterinary Services, Kobedi Segale and acting Lands and Agriculture minister, Edwin Dikoloti, the virus currently raging through the North-East mostly likely first entered the country during the festive season.From the “unprecedented” number of cases picked in testing last week, it is likely that cattle and other livestock could have been infected last year, without being reported.Animal health...

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