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
Gov't must guard against cadre deployment

As the Botswana National Front (BNF) discusses a policy to place suitably qualified members in strategic positions, the guiding consideration should remain whether an individual is the best person to serve the country. There is nothing wrong with qualified party members applying for public positions. Political affiliation should neither disqualify a capable candidate nor give them an advantage over others. Every Motswana deserves a fair...

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