Sefalana bullish as Shoppers brand expands

After going through difficult trading conditions that strained margins and dampened bottom-line performance through the six months ended 31 October 2010, Sefalana says it enjoyed a brighter year because rising disposable incomes pushed profits up.

The company - which holds total or part equity in Sefcash, Foods Botswana, MF Holdings, Kgalagadi Soap Industries and Commercial Motors as well as in a range of other interests in timber, mechanised farming, property and travel and tourism - recorded a profit attributable to shareholders of P18 million for the interim period ended October 2010.