Sefalana invests P200m to enter SA market

In a statement, the company said the largest participant in this consortium is the well-established buying group, Unitrade Management Services (Pty) Limited (UMS).

“The objective of this consortium will be to acquire a number of target supermarket and wholesale chains across the country. Sefalana is due to invest R250 million in this consortium and will participate in the board of the consortium. The two groups look forward to leveraging off one another’s experience in the industry to grow this consortium into a sizable enterprise over the next 10 years,” Sefalana Group finance director, Mohammed Osman said.