- Will delist from Cape Town Stock Exchange but remain on BSE
- CA Sales is 11th most valuable stock on BSE
CA Sales, a logistics, distribution and marketing company that operates within the Fast Moving Consumer Goods (FMCG) space, says it plans to launch on the Johannesburg Stock Exchange (JSE) on 27 June 2022 with a market capitalisation of approximately R2.1 billion.
In a statement issued on the Botswana Stock Exchange (BSE), the FMCG outfit says it will delist the company’s shares from the Cape Town Stock Exchange (CTSE) but will remain listed on the BSE.
“This will be a delisting of the company’s shares from the CTSE and a listing by way of introduction of the company’s entire issued share capital on the JSE,” the company stated. “CA Sales does not intend to raise capital leading up to, or as part of, the listing. It is anticipated that the market capitalisation of the company will be approximately R2 189 000 000 as at the date of Listing.” CA Sales was incorporated in 2011 as a private holding company in South Africa later converting into a public company on 11 August 2017. Its underlying investments include older well-established businesses across southern Africa.
During early 2012, CA Sales acquired CA Sales & Distribution in Botswana, a business that is 27 years old, as the first building block. A number of investments were subsequently made in privately-owned businesses throughout southern Africa to increase the company’s footprint. The Group says its focus is to grow its current business model in sub-Sahara Africa over time. It operates within the fast moving consumer goods industry and delivers services to blue chip manufacturers, both locally and internationally.
Its service offering includes selling, merchandising, warehousing, distribution, debtor’s administration, marketing and promotions, point of sale warehousing and training. The Group has offices and facilities in all the main centres throughout Botswana, Swaziland, Namibia, South Africa, Lesotho, Zimbabwe and Zambia. CA Sales Holdings Limited is currently the 11th most valuable stock on the BSE with a market capitalisation of P1.68billion, which makes about 0.432 percent of the Botswana Stock Exchange equity market.