Botswana tycoon Chandra Chauhan's Sefalana cuts dividend 60% as diamond slump hits profit
efalana posted record revenue of P12.1 billion but its first profit fall since 2017, cutting the total dividend to 20 thebe from 50 thebe.
Skip to content
efalana posted record revenue of P12.1 billion but its first profit fall since 2017, cutting the total dividend to 20 thebe from 50 thebe.
Botswana's Sefalana says two food manufacturing projects, a dairy and a cooking-oil plant, collapsed for lack of government support, its managing director said.
Sales climbed to 5.82 billion pula, but profit fell, as Chandra Chauhan’s Sefalana keeps building its retail footprint across southern Africa.
Chandra Chauhan’s Sefalana flags a profit dip, blaming a softer economy, food inflation and rising living costs nationwide across Botswana.
Chandra Chauhan’s Sefalana Group posts record $800 million revenue, driven by growth in retail and manufacturing across southern Africa.