Billionaire family ups stake in Wilderness Safaris

Tollman, the billionaire family empire with hotel and leisure companies across the world, has spent about P37 million to increase its stake in the Botswana Stock Exchange (BSE) listed tourism concern, Wilderness Safaris, by five percent. The family business empire founded by South African born 82-year-old patriarch, Stanley Tollman, bought the shares through Wine Investments, a subsidiary of the world-renowned travel and leisure group, Travel   Corporation.

Wilderness Safaris said in a statement to the BSE that Wine Investments Limited notified the company on the 1st June 2012 that it had acquired 11,5 million Wilderness ordinary shares representing 5 percent of Wilderness' shares in issue.  Wilderness shares are currently trading at 335 thebe on the local bourse.