PrimeTime cools on Zambian opportunities

Friday, December 06, 2019

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.

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PrimeTime cools on Zambian opportunities

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.