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
Micro-procurement maze demands urgent reform

Whilst celebrating milestones in inclusivity, with notably P5 billion awarded to vulnerable groups, the report sounds a 'siren' on a dangerous and growing trend: the ballooning use of micro-procurement. That this method, designed for small-scale, efficient purchases, now accounts for a staggering 25% (P8 billion) of total procurement value is not a sign of agility, but a 'red flag'. The PPRA’s warning is unequivocal and must be...

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