Mmegi

BPOPF in the middle as RDC pursues PrimeTime

Landmark: Pilane Crossing is one of PrimeTime’s retail assets
Landmark: Pilane Crossing is one of PrimeTime’s retail assets

The Botswana Public Officers Pension Fund (BPOPF) will play a decisive role as RDC Properties advances plans to acquire PrimeTime Property Holdings in what could become a rare hostile takeover in the local listed market.

The BPOPF, which is the country’s largest pension fund, held 38.8% of RDC Properties as at December, being the single largest shareholder. The pension fund also held nearly 33% of PrimeTime as at August last year, being the largest shareholder as well.

“The pension fund wields the power in the deal and in fact, will play the role of a kingmaker,” an analyst told BusinessWeek.

Editor's Comment
Human rights are sacred

It highlights the need to protect rights such as access to clean water, education, healthcare and freedom of expression.President Duma Boko, rightly honours past interventions from securing a dignified burial for Gaoberekwe Pitseng in the CKGR to promoting linguistic inclusion. Yet, they also expose a critical truth, that a nation cannot sustainably protect its people through ad hoc acts of compassion alone.It is time for both government and the...

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