Coops Join Hands To Invest In Property

Four cooperatives have invested in the residential property market
Four cooperatives have invested in the residential property market

SELEBI-PHIKWE: Four cooperative societies have joined forces to buy land near Phakalane in Gaborone for development of a multi-residential property in a bid to diversify and move away from being consumer-orientated.

The four are Selebi-Phikwe, Bobonong, Motswedi and Ditswammung, cooperative societies. The latter two are        from Gaborone,

Botswana Cooperatives Association vice chairperson Tebogo Venson said during an interview that they jointly acquired a P4 million plot to build residential houses for rental. “It is a multi-million pula project. It consists of 52 plots valued at P30 million. The project would undoubtedly improve profits for our members,” he said.

Editor's Comment
Tana project a welcome development

Whilst the project received mixed reactions from members of the public, the project is indeed a welcome development, which needs to be implemented as soon as possible. Many shared their opinion, with those against the project decrying that if implemented, it will kill the already struggling public transport industry.Many countries around the world have state-run public transport, and those who have travelled to such countries will give testimony...

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