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
Prosecutors deserve better

These legal professionals, who are entrusted with upholding the rule of law, face numerous challenges that compromise their ability to effectively carry out their duties.Elsewhere in this edition, we carry a story on the lamentations of the officers of court.The prosecutors have raised a number of concerns, calling for urgent attention from all relevant stakeholders, including the President, Minister of Justice and the Attorney General. Their...

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