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
Women in Politics caucus NGO, a welcome development

In the 2014 General Election, women who stood for parliamentary elections were a mere 17 out of a total of 192 aspirants, and sadly the number dropped to 11 out of 210 parliamentary aspirants in the 2019 General Election. Hopefully, registration of the Women in Politics Caucus will give women the necessary support to join politics. While things were slowly improving, women for a long time were at the receiving end as compared to their male...

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