On 1 November 2016, Sefalana entered into the Lesotho market through takeover of the countryâ€™s largest distribution and logistics company, TFS Wholesalers, Distribution and Logistics in Maseru. This acquisition has given us a strong presence in the market in a short space of time.
With a staff compliment of just over 80 people, the Lesotho business is led by a strong management team, which will help grow this business as we look to open a second store in Maseru later this year. Further sites for additional store openings are being identified as we look to expand in the country.
Lesotho offers an emergent economy with a growing population of close to 2 million people, who have responded well to our presence. The official opening of this business will take place later this year as we refurbish and rebrand our store to be aligned with the rest of the Group.