Sefcash to be de-listed in cost cutting measure

Friday, August 13, 2010

Conglomerate Sefalana Holding (Sefhold) will de-list its wholesale and retail subsidiary, Sefcash, from the Botswana Stock Exchange next month.

The move is calculated to cut the listing costs of the two companies.

Sefcash, which is Sefalana's only listed subsidiary, is currently 79.35 percent owned by Sefalana, while the remainder of the shares are free float as required by BSE.

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