Mynhardts� P456m deal breaks BSE records

The Riverwalk Mall is the flagship of NAP's 57 properties in Botswana
The Riverwalk Mall is the flagship of NAP's 57 properties in Botswana

One of prominent business families in Botswana, the Mynhardts, this week broke records on the Botswana Stock Exchange (BSE) when they offloaded 142 million shares worth P456 million in listed New African Properties (NAP).

The deal, which ensured lucrative spin-offs in  commissions for stockbrokers, constituted 94% of the P484.6 million worth of trades registered on the bourse on Wednesday.

Before the deal, the Mynhardt family owned 325 million shares in NAP, through Cash Bazaars, constituting a 54% shareholding in the property company.

Editor's Comment
Batswana need to do better to stop FMD

It is a clear signal that the government’s purse is empty and that our own behaviour has left veterinary officials fighting with one hand tied behind their backs. We have been here before. During COVID-19, many of us thought we knew better. We ignored simple rules, we carried on as if the danger was someone else’s problem, and the virus took lives and left our economy on its knees. We are still broke from that experience. Yet now, with FMD...

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