Mynhardts� P456m deal breaks BSE records

Friday, July 21, 2017

The Riverwalk Mall is the flagship of NAP's 57 properties in Botswana

One of prominent business families in Botswana, the Mynhardts, this week broke records on the Botswana Stock Exchange (BSE) when they offloaded 142 million shares worth P456 million in listed New African Properties (NAP).

The deal, which ensured lucrative spin-offs in commissions for stockbrokers, constituted 94% of the P484.6 million worth of trades registered on the bourse on Wednesday.

Before the deal, the Mynhardt family owned 325 million shares in NAP, through Cash Bazaars, constituting a 54% shareholding in the property company.

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