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
Let justice, not politics determine Salakae’s fate

“Justice should not only be done, but should manifestly and undoubtedly be seen to be done.”-Lord HewartHis decision was the correct one.The move neither proves guilt nor settles the serious allegations that have brought him to the doorstep of the Regional Magistrate’s Court.It does, however, recognise a basic principle of accountable government, that a minister facing criminal charges should not remain in a position that could create even...

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