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Sefalana’s Commercial Motors relocates to Setlhoa

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Sefalana Group has announced that it is planning to relocate Commercial Motors to the Setlhoa properties along the A1 road to give it better visibility and exposure to customers because it is currently not doing well in Broadhurst. Sefalana Group Managing Director, Chandra Chauhan said the performance of the company is very much dependent on government tenders placed in the market.

He said the relocation of the showroom would give them better visibility and exposure to customers. “We are exploring the viability of moving the showroom to the A1 road at Setlhoa village which we believe will give our motor division better visibility and exposure,” said Chauhan. The overall contribution recorded under this trading segments which consists of Commercial Motors (Pty) Ltd and Mechanised Farming (Pty) Ltd was significantly lower than the previous year. The segment contributed three percent of both profit and turnover to the group’s financial year ended April 2017 results.

Total profit before tax was P5 million in 2017 declining from P17.9 million recorded last year. “The values of the tenders this year were significantly lower than the prior year. Overall results for the year from this business were disappointing,” said Chauhan. However he said regular income from servicing of vehicles and sale of parts was achieved and continues to grow.

The group is planning to commence construction of series of warehouses in Setlhoa village by the end of 2017. Chauhan said this is likely to include a flagship Sefalana Shopper Store along with a number of strong high street names, which is expected to attract additional fleet to the area. He said the Mechanised Farming recorded satisfactory results as the number of tractors were sold during the year and the product range for farming implements was extended. The company has entered into agreement with Botswana Railways to supply 8 locomotives. “This is however a medium term project that will only generate profits for the company in the forthcoming year,” he said.

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ADB grants BDC P4m for capacity building

Koobonye Ramokopelwa

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BDC head of human capital, Thabile Moipolai

African Development Bank has granted Botswana Development Corporation (BDC) over P4 million for training and capacity building of its staff members, the latter’s Managing Director, Bashi Gaetsaloe has disclosed.

The grant, which is $400,000 could not have come at a better time for BDC which has just begun a foray into the African continent. According to the Head of Human Capital at the investment arm of government, Thabile Moipolai, the grant will be used in areas such as investment, legal and risk, the three divisions which are considered critical as they continue to push the five -year strategy.

BDC has been given the leeway to invest outside Botswana and already some investments are being made in West Africa. Capacitating the staff in the above areas will come in handy for the African expansion.

Moipolai was answering a question from The Midweek Sun on Friday during the company’s annual stakeholder briefing where operational and financial reports for 2017/2018 were made public. The grant will be utilised in the next two years. BDC has reiterated its plan to continue to invest initiatives which are aimed at developing and retaining staff members.

“As we continue to build a strong BDC for the future, continuous learning and development is critical for our business success and therefore remains a priority area for Human Capital,” BDC 2017 annual report reads.

BDC has also developed a future focused competency based training that will be used to make informed learning and development decisions. “The (BDC) academy will also help BDC produce future leaders that are fluid and progressive through a bespoke leadership development,” reads the report.

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KBL announces return of Kickstart program

Koobonye Ramokopelwa

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Previous kickstart beneficiaries

Kgalagadi Breweries Limited, a unit of Sechaba has announced the return of Kickstart, a youth entrepreneurial development program that was suspended three years due to lack of financial resources, Managing Director, Renaud Beauchamp has told the media.

Before the program was put on ice, it had benefited over 70 small medium enterprises with funding, mentoring and market access assistance. According to Beauchamp, the revamped Kickstart will start next year, with an annual budget of about P1, 5 million. “We plan to invest in 15 new businesses every year,” he said at a press briefing which also announced a price reduction for its alcohol brands such as St Louis, Castel Lite and Black Label.

Successful applicants will receive about P200, 000 grants to execute their business ideas. Beauchamp stated that, they have been able to reintroduce Kickstart from ‘freed capital’ as a result of the recent reduction in Alcohol Levy from 55 percent to 35 percent. The clear beer price reduction comes after the Alcohol Levy, which made beer expensive, was slashed by President Mokgweetsi Masisi regime some few months ago.

Meanwhile, Assistant Minister of Trade, Industry and Investment has announced changes in trading hours for businesses that trade with liquor.

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