Mmegi

LLR eyes retail growth with Phikwe mall project

Under revival: Economic activity is slowly growing in Selebi Phikwe ahead of the mine’s reopening next year 
PIC: MBONGENI MGUNI
Under revival: Economic activity is slowly growing in Selebi Phikwe ahead of the mine’s reopening next year PIC: MBONGENI MGUNI

Letlole La Rona Limited (LLR), through its subsidiary JTTM Properties (Pty) Ltd, is currently in advanced talks to co-invest in a new retail mall development in Selebi-Phikwe, BusinessWeek has learnt.

The move is part of LLR's ongoing strategy to diversify and strengthen its property portfolio across Botswana.

This week, the company, which is listed on the Botswana Stock Exchange (BSE), released a statement informing its unitholders and investors that JTTM Properties is in the process of executing binding transaction agreements.

Editor's Comment
Warm relations must not come at the expense of fair trade

“I believe that free but fair trade isan absolute imperative”– John E. JamesFor two countries bound by geography, history and deep economic ties, periods of diplomatic strain serve neither side well. President Duma Boko’s efforts to restore momentum to relations with Pretoria deserve recognition, particularly at a time when Southern Africa faces shared challenges ranging from sluggish economic growth and unemployment to energy security...

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