Sefalana exits R250m SA investment
Friday, February 04, 2022 | 1340 Views |
Sefalana invested R250 million in the Fast Moving Consumer Goods (FMCG) consortium in July 2017 with an agreement on fixed annual earnings and the option to convert the investment into a 30% equity stake after five years.
In a commentary accompanying the group’s recently released interim results, directors said a decision had been taken to cash out the investment and not pursue the conversion to equity.
The Ministry of Agriculture, local producers, retailers, and industry associations must work together to overcome the obstacles hindering vegetable production and distribution.This collaborative approach is essential to improve the availability, quality, and affordability of vegetables in the market.Firstly, the Ministry of Agriculture should provide support and guidance to local farmers to enhance their productivity and efficiency. This could...