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
Botswana must not be a flag of convenience for rogues

‘A man’s country is not a certain area of land, of mountains, rivers, and woods, but it is a principle and patriotism is loyalty to that principle’.- George William CurtisAccording to the report carried in this publication, the fraudsters operating the so-called “dark fleet†have selected Botswana’s flag as their cover of choice. This is a direct assault on our country’s most valuable asset, the good name.For decades, Botswana has...

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