JSE firm buys 49% stake in Senn Foods
Wednesday, May 14, 2014
The S.A firm will pay P65 million for the minority stake in Senn Foods
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.
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...