Another bumper payday awaits Choppies directors

Ottapathu
Ottapathu

Choppies Directors, Ramchandran Ottapathu and Farouk Ismail, are in line for another major cash payout with the two tying up a deal to sell shares in their property company before listing it on Botswana Stock Exchange (BSE).

The Far Property Company, which is almost 100 percent owned by the two directors, is set to list on the BSE before the end of the first quarter this year.

Far Property owns about 173 properties in Botswana and South Africa, the majority of them being warehouses and shopping centres where Choppies operates from.

Editor's Comment
A step in the right direction

It has only been a month since the newly elected government, the Umbrella for Democratic Change (UDC), took power, and there are already a lot of changes. Across different ministries, ministers are hard at work. Following heavy rainfall and storms that hit Francistown recently, the Minister of State Presidency, Moeti Mohwasa, made a commitment that government will assist those affected by the heavy rains. Mohwasa, when addressing the media in...

Have a Story? Send Us a tip
arrow up