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
‘Fake’ drugs: A matter of life, truth and accountability

When claims of such gravity are made, especially by a sitting Assistant Minister they cannot be brushed aside, delayed, or treated as routine political noise. Even the Ombudsman has confirmed receipt of a report from a political party and a review of these complaints is now underway. That is a necessary first step. But it is only the beginning. The seriousness of the allegations demands urgency, transparency and clarity. The public is entitled to...

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