KFC�s bankruptcy raises eyebrows

Siwawa
Siwawa

This week’s trending news that KFC Botswana has been placed under provisional liquidation has raised questions on how such a seemingly lucrative business with an estimated annual turnover of P100 million has found itself saddled with a P110 million debt.

Having operated in Botswana for over 20 years, KFC appeared to be a money-spinning business with franchisor, KFC Africa describing Botswana as one of their key markets in the region largely due to the relatively higher purchasing power of Batswana.

Officials at KFC Africa say they were aware that the local business has of late faced some challenges, especially with regards to supply of certain raw materials, which could have led to a slight decrease in market share.

Editor's Comment
Cameras watching: Drive safely or pay the price

A network of high-tech cameras is now live, and they will be watching motorists every move behind the wheel. For the safety of everyone on the roads, drivers must take this wake-up call seriously or be prepared to face the consequences. These are not just speed traps. The new detecting devices are sophisticated. They will catch you running a red light, speeding, or driving an unregistered vehicle. They will spot the driver who is not wearing a...

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