Sefalana Holdings completes turnaround
Friday, January 15, 2010
Sefalana holds exclusive or part equity in Sefcash, Foods Botswana, MF Holdings, Kgalagadi Soap Industries, Commercial Motors and a range of other interests in industries such as timber, mechanised farming, travel and tourism and property.
In 2006 - after a three year battle -Sefalana won an acrimonious court tussle to cut ties with its partner in Metsef, Metro, following disagreements over the efficient and profitable management of the joint venture. Sefalana, led by its Group Managing Director, Chandra Chauhan, was convinced they could do a better job of steering Metsef to profitability, if the management contract was taken away from Metro, a South African group.
The recent disclosure by the IEC that 2,513 registrations have been turned down due to various irregularities should prompt all Batswana to meticulously review the voters' rolls and address concerns about rejected registrations.The disparities flagged by the IEC are troubling and emphasise the significance of rigorous voter registration processes.Out of the rejected registrations, 29 individuals were disqualified due to non-existent Omang...