Sefalana seeks to grow FMCG business
Tuesday, August 02, 2016
In its audited financial results for the year ended April 30, 2016, managing director, Chandra Chauhan said last year the group did well in its core segments, being the FMCG businesses in both countries. “We anticipate further growth and success in the FMCG business segment during the forthcoming years as we place greater emphasis on our core business,” he said.
He noted that they continue to seek additional suitable locations for further store openings as they move towards their long-term target of 70 stores across Botswana. He added that there are currently a number of stores that they are looking to open in the next 18 months.
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...