Sefalana seeks P351m for expansion drive

Tuesday, October 18, 2016

Sefalana Holding Company is targeting to raise P351 million through a rights issue to fund its planned expansions in Botswana and Namibia.

Recently, the company expressed its intention to grow its Fast Moving Consumer Goods (FMCG) businesses in both Botswana and Namibia.

In a press announcement to shareholders last week, finance director, Mohamed Osman said the company is raising approximately P351m net of expenses, by way of a rights issue of 27,858,523 offer shares.

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