Sefalana enters South African market

Tuesday, January 31, 2017

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.

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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.

Disc, license renewal requirements waived amid system failures

This is not reversal born of weakness- Salakae

Batlokwa reject Tlokweng expansion plan

Enough is enough – Kgosi Gaborone

CoA dismisses Meswele convicts' appeal against 40-year imprisonment

‘Insurance killer’ case leaves family in ruins

Serowe police probe Mogorosi tragedy

Man found seriously injured by Letlhakane roadside

BPF should get house in order