Sefalana has announced the retirement of executive director Gerhard Scheepers from its board, effective 31 March 2026, marking the end of a nearly decade-long tenure with the group.
In a notice issued in line with Botswana Stock Exchange equity listing requirements, the retailer said Scheepers will step down from the board after serving as an executive director since 2022. He initially joined the Sefalana Group in 2016 and was appointed chief executive officer of Sefalana Cash & Carry Limited in 2021.
During his time with the company, Scheepers played a key role in the expansion and development of Sefalana’s cash-and-carry and retail operations in Botswana. The board credited him with contributing significantly to the growth of the group’s wholesale and retail footprint.
“The board of directors of Sefalana wishes to express its sincere appreciation to Mr Scheepers for his valuable contribution to the group, and for his service on the board,” the company said.
Following his retirement, Scheepers will be relocating to South Africa with his family, according to the notice.
Sefalana did not announce a successor to Scheepers at this stage, nor did it indicate whether changes to executive leadership at Sefalana Cash & Carry would follow his departure.
In its latest financial results, the company posted its highest half-year revenue on record but saw profits decline, as tough economic conditions in Botswana, currency volatility and weaker consumer spending weighed on margins.