BSE clears RDC’s path for PrimeTime takeover bid
Saturday, May 10, 2025 | 210 Views |
Landmark: Lobatse Junction is one of PrimeTime’s flagship assets
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.
Acting Agriculture Minister, Edwin Dikoloti, is right in saying opening an export-ready facility whilst Foot and Mouth Disease (FMD) is still spreading would risk getting the whole country blacklisted before a single carcass leaves the door.A ban like that would break the already stressed nation. So, the postponement, painful as it is, is the right thing to do. The local economy is being squeezed from both ends. FMD has already slammed the door...