PrimeTime cools on Zambian opportunities

Growing:PromeTime is adding a Plaza 11 soon PIC: PRIMETIME.CO.BW
Growing:PromeTime is adding a Plaza 11 soon PIC: PRIMETIME.CO.BW

Local property group, PrimeTime’s confidence in the Zambian market is waning after economic troubles in that country weighed on the performance of its office and retail assets, impacting its full year profits.

PrimeTime, listed on the Botswana Stock Exchange, has office, retail and industrial buildings in Botswana, South Africa and Zambia with a market value of more than P1.4 billion.

The group entered Zambia in 2013 in its first regional expansion at a time when the domestic economy was experiencing a slowdown.

Editor's Comment
Human rights are sacred

It highlights the need to protect rights such as access to clean water, education, healthcare and freedom of expression.President Duma Boko, rightly honours past interventions from securing a dignified burial for Gaoberekwe Pitseng in the CKGR to promoting linguistic inclusion. Yet, they also expose a critical truth, that a nation cannot sustainably protect its people through ad hoc acts of compassion alone.It is time for both government and the...

Have a Story? Send Us a tip
arrow up