Listed entities need a second transfer duty exemption
Friday, October 18, 2019
![Jonathan Hore](https://cdn4.premiumread.com/?url=https://www.mmegi.bw/uploads/imported_images/2019/october/18/phpZZgyQL.jpg&w=400&q=72&f=jpg&t=1)
Jonathan Hore
The new amendments bring about a lot of improvements to the Transfer Duty Act but there are some implementation issues that need consideration.
One of the issues which will prove to be a challenge is whether Botswana Stock Exchange (BSE)-listed entities are citizens for the purposes of the new Act, especially when they need to acquire immovable property or shares in a company holding immovable property.
The BDP as a party known to have ample resources has always held its primaries well in time, but this time around that was not the case. The first leg of the primaries was held last weekend, with the final leg being billed for the coming weekend. This time around, the BDP failed to shine in its primary elections. The elections were chaotic; most if not all polling stations didn't open at the specified time of 6am. Loyal BDP members braved the...