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Sefalana seeks P351m for expansion drive

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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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Editor's Comment
Celebrate responsibly, put safety first this holiday

“Safety first is safety always”– Charles M HayesAs most people begin travelling across the country to spend the President’s Holidays with family and friends, there is every reason to embrace the joy and togetherness that this period brings.While holiday periods bring joy, they are sadly often accompanied by a rise in road accidents, violent incidents and other avoidable tragedies. Too often, families that set out to celebrate together end...

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