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Mynhardtsďż˝ 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.

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Editor's Comment
Celebrate responsibly, put safety first this holiday

“Safety first is safety always”– Charles M HayesAs most people begin travelling across the country to spend the President’s Holidays with family and friends, there is every reason to embrace the joy and togetherness that this period brings.While holiday periods bring joy, they are sadly often accompanied by a rise in road accidents, violent incidents and other avoidable tragedies. Too often, families that set out to celebrate together end...

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