Malutu and Tsabana to nurture Sefalana
Sefalana Group has completed its portion of the 2015/16 Government tender for Tsabana and Malutu in April 2016 although there was a four-month gap between orders. The group is optimistic about the forthcoming year where they prospect a larger proportion of Government food scheme tenders based on their milling track record and ability to supply. The group also expects an increase in the Fast Moving Consumer Goods (FMCG) division of the business after realizing a decline in earnings for the year ended 30th April 2017. The Group’s Managing Director Chandra Chauhan said this at the recent Sefalana Audited Group Financial Results in Gaborone recently, adding that the milling business closed with a satisfactory result. Chauhan said the drop in earnings was attributable to the economic depression that has not only negatively affected the group’s FMCG sector but also a number of other sectors in the country, where Groups are reporting a drop in earnings.