JSE firm buys 49% stake in Senn Foods

The S.A firm will pay P65 million for the minority stake in Senn Foods
The S.A firm will pay P65 million for the minority stake in Senn Foods

RCL Foods, a company listed in the Johannesburg Stock Exchange (JSE) has received regulatory approval to buy a stake in Senn Foods Logistics, Botswana’s biggest cold chain distribution business.

RCL has agreed to spend 79.9 million rand (P66.5 million) for the 49 percent stake as part of its plans to scale up in sub-Saharan Africa and diversifying from its chicken business.

The acquisition will be done through RCL operating subsidiary, Vector Logistics.

Editor's Comment
Oh what a State funeral!

That rare sight deserves heartfelt praise, not only for President Duma Boko and his administration, but also for the Botswana Democratic Party (BDP), the Umbrella for Democratic Change (UDC), the Mogae family, and the entire country.President Boko’s decision to grant a full state funeral to a man who belonged to a rival party was a mark of true statesmanship. He recognised that national leadership carries a weight that belongs to the whole...

Have a Story? Send Us a tip
arrow up