Sefalana Reveals Its Diversified South African Investment Model
Monday, January 28, 2019
The strategic partnership also have enabled presence in Northern Cape, Western Cape, Cape Town, and Eastern Cape.
The consortium already is working on a plan to add 10 more stores under its portfolio. Sefalana invested some R250m into fast moving goods consortium which gives the Botswana outfit the option to convert their investment into a 30% equity after five years.
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...