Sefalana enters South African market

Plans for the fast-moving consumer goods giant, Sefalana Holdings Limited to follow its competitor, Choppies into the South African market are taking shape with the retailer expected to open its first store in May.

At the announcement of the financials for the half-year ended October 31, 2016, the group stated that it will use a large part of the P351 million raised recently through a rights offer to support its expansion plans into South Africa.

Recently, the group used part of the proceeds from the rights issue to enter the Lesotho market through the takeover of that country’s largest cash and carry outlet, TFS Wholesalers.

Editor's Comment
Human rights are sacred

It highlights the need to protect rights such as access to clean water, education, healthcare and freedom of expression.President Duma Boko, rightly honours past interventions from securing a dignified burial for Gaoberekwe Pitseng in the CKGR to promoting linguistic inclusion. Yet, they also expose a critical truth, that a nation cannot sustainably protect its people through ad hoc acts of compassion alone.It is time for both government and the...

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