CA to decide on sale of KFC

KFC outlet in Main Mall, Gaborone
KFC outlet in Main Mall, Gaborone

The Competition Authority (CA) has less than a month to decide on the proposed sale of Kentucky Fried Chicken (KFC) franchise in Botswana to a South African firm, Callus (Pty) Ltd.

The transaction concerns the proposed acquisition of KFC restaurants in Botswana, owned by VPB Propco, together with all its assets related to operation of KFC franchise stores, by Callus.

At a public hearing on Monday, the authority indicated it would make a decision on the transaction in less than 30 days.

Editor's Comment
Botswana at a critical juncture

While the political shift brings hope for change, it also places immense pressure on the new administration to deliver on its election promises in the face of serious economic challenges.On another level, newly appointed Finance Minister Ndaba Gaolathe’s grim assessment of the country’s finances adds urgency to the moment. The budget deficit, expected to be P8.7 billion, is now anticipated to be even higher due to underperforming diamond...

Have a Story? Send Us a tip
arrow up