Facebook Feed

  • VACANCY: IDMJanuary 30, 2023
     QUALITY ASSURANCE COORDINATOR  (3 YEARS FIXED CONTRACT)   Closing Date: 10 February 2023 
  • VACANCIES: Naledi Mining Services Company (NMSC)January 30, 2023
    Mining Manager – Operations _ 5 Year FTC Information Management Analyst_ 5 Year FTC Safety & Health Coordinator _ 5 Year FTC Human Resources Officer_ 5 Year FTC Maintenance Technician _ 3 Year FTC Maintenance Artisan – Fitter _ […]
  • WE ARE HIRING: Choppies Distribution Centre (Pty) LtdJanuary 30, 2023
    Commercial And Systems Manager Closing Date: 11th February 2023
  • Killings of journalists up 50% in 2022, half targeted off duty    January 25, 2023
    Eighty-six journalists and media workers were killed around the world in 2022 – one every four days, according to UNESCO data, highlighting the grave risks and vulnerabilities that journalists continue to face in the course of their work.   […]
  • Judge Tau; please don’t stifle public scrutiny of the Court of AppealJanuary 25, 2023
    Her utterances are misplaced and must be condemned with the contempt it deserves ADAM PHETLHE The Patriot on Sunday dated 15 January 2022 carried an article titled ‘Judge Tau defends CoA Integrity’, with sub-headings “Complains of discrediting reckless statements; […]
  • About Us
  • Advertise
  • Disclaimer
  • Contact Us
  • Login
  • Register
Monday, January 30, 2023
17 °c
Gaborone
21 ° Tue
22 ° Wed
24 ° Thu
26 ° Fri
The Patriot On Sunday
Advertisement
  • Home
  • News
  • Business
  • Lifestyle
  • Sport
  • Analysis & Opinions
  • Vacancies & Tenders
No Result
View All Result
Cart / $0.00

No products in the cart.

  • Home
  • News
  • Business
  • Lifestyle
  • Sport
  • Analysis & Opinions
  • Vacancies & Tenders
No Result
View All Result
The Patriot On Sunday
No Result
View All Result
Home Business

Sefalana revenue 10% up

patriot by patriot
November 11, 2020
in Business
245 7
0
Sefalana revenue 10% up
491
SHARES
1.4k
VIEWS
ShareShareShare

Home grown local diversified wholesale and retail Sefalana Group overcame a difficult opening quarter of 2020 to record growth for the year ending 30 April 30, 2020.

Sefalana’s revenues increased by 10% whilst its Profit Before Tax remained flat at P259 million.

Revenue reached P5.8 billion as compared to the P5.3 billion recorded in the prior fiscal year.

Additionally, Sefalana Group’s gross profit went up by 14% year-on-year reaching P387 million.

The Group’s Managing Director Chandra Chauhan while presenting the Group financial results on Thursday said the first half of the year has been not easy for the Group’s business operations.

He regretted that the Covid-19 pandemic had a negative impact on the business as the restricted movement due to lockdown reduced consumer buying power as they could not access shops.

“The Covid-19 pandemic impacted the business activity. Government focused more on fighting the pandemic hence this led to lack of award of tenders that we expected to come in from the government. Nonetheless, the food basket response scheme bolstered the business,” he added.

To reduce more reliance on the government tenders, the Group has turned to focus on the private sector for varied income, adding that they continue to evaluate new alternative markets too.

High foreign exchange volatility, especially realised on the South African income – according to the Chauhan – led to a significant decline on the foreign exchange due to high Rand depreciation.

The South African Rand, he said, depreciated by 10% against Botswana Pula in the period under review. However, he said the returns from the Botswana business are showing great signs of recovery, adding that the Namibian and Lesotho markets are still enduring a lot of stress at the moment.

During the period under review, the Botswana Stock Exchange (BSE) listed goods and services conglomerate noted positive signs of recovery in the Botswana market environment.

“The second half of the year was not so positive. But Group has done well to mitigate against the Covid-19 ravaging effects by putting in a number of macro level responses such as maximising yields from our Botswana business where we see  better signals of growth,” said Chauhan.

Group Finance Director Mohammed Osman said 2020 has been difficult for the Group but said they managed to post the best results ever in their 46-year-old history following well from the 2019 good performance. 

Related

Tags: sefalana

Get real time update about this post categories directly on your device, subscribe now.

Unsubscribe
  • VACANCY: IDMJanuary 30, 2023
     QUALITY ASSURANCE COORDINATOR  (3 YEARS FIXED CONTRACT)   Closing Date: 10 February 2023 
  • VACANCIES: Naledi Mining Services Company (NMSC)January 30, 2023
    Mining Manager – Operations _ 5 Year FTC Information Management Analyst_ 5 Year FTC Safety & Health Coordinator _ 5 Year FTC Human Resources Officer_ 5 Year FTC Maintenance Technician _ 3 Year FTC Maintenance Artisan – Fitter _ […]
  • WE ARE HIRING: Choppies Distribution Centre (Pty) LtdJanuary 30, 2023
    Commercial And Systems Manager Closing Date: 11th February 2023
  • Killings of journalists up 50% in 2022, half targeted off duty    January 25, 2023
    Eighty-six journalists and media workers were killed around the world in 2022 – one every four days, according to UNESCO data, highlighting the grave risks and vulnerabilities that journalists continue to face in the course of their work.   […]
  • Judge Tau; please don’t stifle public scrutiny of the Court of AppealJanuary 25, 2023
    Her utterances are misplaced and must be condemned with the contempt it deserves ADAM PHETLHE The Patriot on Sunday dated 15 January 2022 carried an article titled ‘Judge Tau defends CoA Integrity’, with sub-headings “Complains of discrediting reckless statements; […]
The Patriot On Sunday

© 2022 Copyright The Patriot On Sunday - Inspired by Search Mart.

Navigate Site

  • About Us
  • Advertise
  • Disclaimer
  • Contact Us

Follow Us

No Result
View All Result
  • Login
  • Sign Up
  • Cart
  • Home
  • News
  • Business
  • Lifestyle
  • Sport
  • Analysis & Opinions
  • Vacancies & Tenders

© 2022 Copyright The Patriot On Sunday - Inspired by Search Mart.

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?