PrimeTime cools on Zambian opportunities
Friday, December 06, 2019

Growing:PromeTime is adding a Plaza 11 soon PIC: PRIMETIME.CO.BW
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.
We are told of massive spin-offs for hosting countries, which we assume was the catalyst behind putting in the bid.We are not too sure if it is a one-size fits all, where any hosting nation reaps the benefits or it’s on a case-by-case basis.There are arguments from both ends, with hosting a sure way to accelerate infrastructure development and a guaranteed cash flow during the 30-days of the tournament.There is a bump in employment creation...