BDC offloads more properties
Tuesday, May 24, 2016
In two separate deals with related party, Letlole Larona, BDC is selling residential properties in Gaborone’s leafy suburb of Extension 11 for a consideration of P42 million while a deal for a stake in property in Francistown is also being finalised for P34.6 million.
In a notice, Botswana Stock Exchange (BSE) listed Letlole said the two deals, which are still subject to regulatory and shareholders approval, will boost its balance sheet by P92 million to P779 million, post the transactions.
The recent disclosure by the IEC that 2,513 registrations have been turned down due to various irregularities should prompt all Batswana to meticulously review the voters' rolls and address concerns about rejected registrations.The disparities flagged by the IEC are troubling and emphasise the significance of rigorous voter registration processes.Out of the rejected registrations, 29 individuals were disqualified due to non-existent Omang...