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
Khama, Serogola should find each other

Khama’s announcement to take over as Kgosikgolo was met with jubilation by some, but it also exposed deep-seated divisions. The Bogosi Act, which clearly states that a Mothusa Kgosi cannot be removed without the minister’s involvement, serves as a crucial legal safeguard. This law is designed to prevent arbitrary decisions and ensure stability within traditional leadership structures.The tension between Khama and Serogola has been simmering...

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