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
Ramogapi & Co should clear the Bonno confusion

According to a report elsewhere in this publication, various district councils announced that a one-bedroom home now costs over P130,000 more, a near-unthinkable 32% increase. This isn't just a minor adjustment, but a devastating blow to the dream of affordable home ownership for ordinary citizens.What is most alarming is not just the scale of the increase, but the profound confusion it has exposed. Minister Ramogapi has publicly...

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