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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
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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