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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
The time is now to relax adoption laws

Over the years, there has been many reports of infants being abandoned by parents. Many factors can contribute to child abandonment, some of which may stem from mental health issues and lack of support, but other reasons may be that one could have made better choices with proper education. Some parents abandon their infants due to financial difficulties and the fear of having to provide for a newborn. Many developed countries have come up with...

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