Sefalana expands manufacturing to support retail business
Friday, June 19, 2015
BusinessWeek: You recently purchased the milk producing company, Delta Dairies, just a few months after acquiring a fruit juice plant from Golden Fruit. Does this mean you are taking a deliberate focus on manufacturing?
Osman: Sefalana already has a sizable manufacturing segment in Foods Botswana (Serowe) and Kgalagadi Soap Industries (KSI), which manufactures soap and soap-based products. This deal will help us grow this side of business, in support of our core business of fast moving consumer goods (FMCG).
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...