Sechaba cautions shareholders
Monday, July 07, 2014
Sechaba, which recently released its full year results in which the company said it continues to experience weakening sales, have advised shareholders to exercise caution when dealing in the company’s securities until a further detailed announcement is made. Due to the recent traditional beer regulations and the 50 percent Alcohol Levy, Sechaba has been experiencing reduced profit margins since 2009.
While it is widely acknowledged that Khama holds the title of Kgosi, the government’s failure to properly gazette his recognition has raised serious concerns about adherence to legal procedures and the credibility of traditional leadership. (See a story elsewhere in this newspaper.) Recent court documents by the Minister for Local Government and Rural Development, Kgotla Autlwetse, shed light on the intricacies of Khama’s recognition process....