Mmegi

BSE clears RDC’s path for PrimeTime takeover bid

Landmark: Lobatse Junction is one of PrimeTime’s flagship assets
Landmark: Lobatse Junction is one of PrimeTime’s flagship assets

An investigative committee of the Botswana Stock Exchange (BSE) has given RDC Properties the green light to proceed with its long-suspended bid for a stake in property sector rival PrimeTime.

This follows a comprehensive ruling by the BSE regulatory committee, which had been probing the hostile takeover from October last year until this month.

In a six-page ruling issued publicly this week, the BSE’s committee not only cleared RDC Properties of several key allegations but also reset the clock on the takeover timeline.

Editor's Comment
Calls to officialise sign language overdue

At home, Botswana is still lagging in many aspects despite some steps taken to fix the situation. Those living with disabilities are often ignored and shut out from basic rights, access to services, or social participation. A motion tabled in Parliament by Kgatleng Central Member of Parliament, Mpho Morolong, calling for the introduction and adoption of sign language as an official language in Botswana is indeed a welcome development.The deaf...

Have a Story? Send Us a tip
arrow up