Mmegi

Sefalana profits hit fresh records

Higher and higher: Chauhan
Higher and higher: Chauhan

Sefalana Group has recorded a profit before tax of P219 million for the 26-week results period ended October 27, 2024, despite facing margin pressures, supply chain disruption, and rising raw material costs.

The profits mark a seven percent increase from the P204.8 million recorded over the same period last year.

According to results released this week, Botswana contributed the most at 67%, followed by Namibia at 27%, Lesotho at five percent, and Zambia at only one percent. Manufacturing output from South Africa remained below optimal levels whilst rising raw material costs continued to exert pressure on margins, during the reporting period.

Editor's Comment
Depression is real; let's take care of our mental health

It is not uncommon in this part of the world for parents to actually punish their children when they show signs of depression associating it with issues of indiscipline, and as a result, the poor child will be lashed or given some kind of punishment. We have had many suicide cases in the country and sadly some of the cases included children and young adults. We need to start looking into issues of mental health with the seriousness it...

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