Sefalana seeks P351m for expansion drive
Tuesday, October 18, 2016
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.
Whilst the project received mixed reactions from members of the public, the project is indeed a welcome development, which needs to be implemented as soon as possible. Many shared their opinion, with those against the project decrying that if implemented, it will kill the already struggling public transport industry.Many countries around the world have state-run public transport, and those who have travelled to such countries will give testimony...