Company plans to list in two years time Selected as part of BSE Tshipidi programme Aims to expands into the SADC region
Pule funeral group, the 100% citizen-owned company this week laid bare its strategic roadmap towards listing on the highly-rated Botswana Stock Exchange (BSE), a development, which once executed, will position the diversified outfit as a compelling investment opportunity, more especially for domestic investors.
The group, which for well over 40 years, has been the darling of the funeral services provision industry around the country, is poised to become the only quoted funeral services company, given the fact that they plan to float shares at most in two years’ time.
Established in 1976 by the late Gaonatese Pule, the company has undergone remarkable transformation, transitioning into the successor of Pule Modisana Holdings. This Tuesday, Pule funeral group directors, joined a select group of other local company directors in a closed door session of Tshipidi Mentorship Program (TMP), which is conducted under the aegis of the BSE.
According to BSE, the TMP, is a comprehensive and interactive program, which equips potential issuers with the practical expertise and insights essential for positioning their companies for a successful listing on the stock market. The programme further facilitates direct interactions with experts from the listing ecosystem, investors, and leaders of already listed companies. In addition, the TMP empowers participants like Pule Funeral Group to navigate the Initial Public Offer (IPO) process strategically.
Meanwhile, the Executive Chairman of Pule Funeral group. Thabo Majola expressed his ardent enthusiasm for the programme which was launched a few years ago. He underscored the profound significance of this opportunity, emphasizing that the program enables Pule Funeral Group to embark on a journey of corporatization and acclimatization. “By gaining access to equity finance, the company can execute its strategic vision of operational expansion, thereby offering enhanced funeral services to the people of Botswana.
Furthermore, the TMP instills robust governance structures and empowers the team with the ability to articulate a comprehensive business strategy, thus ensuring sustainable growth and enduring success,” stated Majola.
In a statement, Pule Funeral group which operates three subsidiaries being Pule Insurance, Pule Coffin Manufacturing & Pule Funeral Services disclosed they expect "an exceptional trajectory of growth in the forthcoming years, culminating in its highly anticipated listing on the Botswana Stock Exchange." The group has plans to list within the next 2 to 5 years, with the ambitious goal year of 2026.
“This strategic move aims to diversify the company's shareholder base, augment public awareness, and create an enticing investment proposition. The funds raised through the listing will serve as the catalyst for supporting Pule Funeral Group's ambitious expansion plans, further strengthening its market presence, and ultimately delivering exceptional services to the communities of Botswana,” stated the company which has branches in Gaborone, Molepolole, Good Hope, Kanye, among others. The company has announced it plans to add more branches in the medium term.
Pule funeral group currently operates under the guidance of the ‘Road to 2026’ strategy which among others aims to grow the business outside Botswana. “This envisions making Pule Funeral Group the most attractive and preferred funeral and burial partner of choice in the country and eventually the SADC region.
We would like to consolidate our position in Botswana but we see an opportunity to expand beyond the borders. This can be achieved by listing on the BSE, which would mean that Metshelo, Burial Societies, Institutional investors, broad based organisations will have an opportunity to buy shares and benefit from the value that is created by the eco system,” noted Majola at company function.
The group, which for well over 40 years, has been the darling of the funeral services provision industry around the country, is poised to become the only quoted funeral services company, given the fact that they plan to float shares at most in two years’ time.
Established in 1976 by the late Gaonatese Pule, the company has undergone remarkable transformation, transitioning into the successor of Pule Modisana Holdings. This Tuesday, Pule funeral group directors, joined a select group of other local company directors in a closed door session of Tshipidi Mentorship Program (TMP), which is conducted under the aegis of the BSE.
According to BSE, the TMP, is a comprehensive and interactive program, which equips potential issuers with the practical expertise and insights essential for positioning their companies for a successful listing on the stock market. The programme further facilitates direct interactions with experts from the listing ecosystem, investors, and leaders of already listed companies. In addition, the TMP empowers participants like Pule Funeral Group to navigate the Initial Public Offer (IPO) process strategically.
Meanwhile, the Executive Chairman of Pule Funeral group. Thabo Majola expressed his ardent enthusiasm for the programme which was launched a few years ago. He underscored the profound significance of this opportunity, emphasizing that the program enables Pule Funeral Group to embark on a journey of corporatization and acclimatization. “By gaining access to equity finance, the company can execute its strategic vision of operational expansion, thereby offering enhanced funeral services to the people of Botswana.
Furthermore, the TMP instills robust governance structures and empowers the team with the ability to articulate a comprehensive business strategy, thus ensuring sustainable growth and enduring success,” stated Majola.
In a statement, Pule Funeral group which operates three subsidiaries being Pule Insurance, Pule Coffin Manufacturing & Pule Funeral Services disclosed they expect "an exceptional trajectory of growth in the forthcoming years, culminating in its highly anticipated listing on the Botswana Stock Exchange." The group has plans to list within the next 2 to 5 years, with the ambitious goal year of 2026.
“This strategic move aims to diversify the company's shareholder base, augment public awareness, and create an enticing investment proposition. The funds raised through the listing will serve as the catalyst for supporting Pule Funeral Group's ambitious expansion plans, further strengthening its market presence, and ultimately delivering exceptional services to the communities of Botswana,” stated the company which has branches in Gaborone, Molepolole, Good Hope, Kanye, among others. The company has announced it plans to add more branches in the medium term.
Pule funeral group currently operates under the guidance of the ‘Road to 2026’ strategy which among others aims to grow the business outside Botswana. “This envisions making Pule Funeral Group the most attractive and preferred funeral and burial partner of choice in the country and eventually the SADC region.
We would like to consolidate our position in Botswana but we see an opportunity to expand beyond the borders. This can be achieved by listing on the BSE, which would mean that Metshelo, Burial Societies, Institutional investors, broad based organisations will have an opportunity to buy shares and benefit from the value that is created by the eco system,” noted Majola at company function.
