Sephaku cuts debt and costs as economic downturn persists
The building and construction firm expects the economy’s growth to remain sluggish for up to two years
26 June 2019 - 19:49
Building and construction materials group Sephaku Holdings (SepHold) has cut debt and reduced expenses as it expects low demand for building materials in the next two years because of the sluggish economic growth.
“We expect the building materials’ demand to remain constrained due to the short-term challenges in stimulating the economy against the backdrop of high sovereign debt and loss-making state-owned entities,” SepHold CEO Lelau Mohuba said...
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