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
Micro-procurement maze demands urgent reform

Whilst celebrating milestones in inclusivity, with notably P5 billion awarded to vulnerable groups, the report sounds a 'siren' on a dangerous and growing trend: the ballooning use of micro-procurement. That this method, designed for small-scale, efficient purchases, now accounts for a staggering 25% (P8 billion) of total procurement value is not a sign of agility, but a 'red flag'. The PPRA’s warning is unequivocal and must be...

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