Botswana retailer invests US$20m to enter SA market

BOTSWANA - Sefalana Holdings will invest about P200 million (R250 million, US$20 million) in a consortium for acquisition of supermarket and wholesale chains in South Africa as part of the BSE-listed retailer’s expansion plans. In a statement, the company said the largest participant in this consortium is the well-established buying group, Unitrade Management Services (Pty)…

Wheat millers face collapse over imports

BOTSWANA - Local wheat milling companies may face collapse if the government does not restore the 15 percent wheat levy it had put in place to protect the millers, an official has said. Botswana Millers Association (BMA) chairman, Nkosi Mwaba said the milling industry is under existential threat from predatory pricing behaviour on imports of…