Second wind for Golden Fruit

Under the hammer: Bidders in discussions after yesterday's auction in Boatle
Under the hammer: Bidders in discussions after yesterday's auction in Boatle

From two years mothballed, the troubled tale of Golden Fruit Pty took another twist yesterday when diversified retail and manufacturing giant, Sefalana Holdings, bid the highest at the juice company’s disposal auction. Staff Writer, MBONGENI MGUNI, was on site.

A new awakening for Golden Fruit Pty is on the horizon, after top Botswana Stock Exchange performer, Sefalana Holdings, posted the top bid of P4.3 million at a disposal auction held in Boatle yesterday morning.

Golden Fruit was mothballed in 2013 amid operational stress, with more than 100 workers losing their jobs. The 17-year-old company was wholly owned by the Botswana Development Corporation (BDC), which snapped it up from its founding citizen investors.

Editor's Comment
Happy Independence!

We are 56 years old and what do we have to show for it? Looking at where Botswana started and where it is today, there are a lot of developments, but whether the developments match the number of years we have enjoyed as a country is a topic for another day.The fact that cannot be denied is we have seen major developments, but we are still lacking in several pertinent areas.Our beautiful country imports almost everything. We import fuel, food,...

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