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.
That a single private law firm pocketed P6.5 million for just four cases, out of a total P11.1 million paid for 25 matters, reeks of a system that was not merely disorganised but open to abuse.Bayford has taken a welcome first step by telling the Public Accounts Committee the truth. Now he must act decisively to ensure it never happens again and that any money lost to wrongdoing is recovered.The figures are staggering. Whilst ordinary Batswana...