PrimeTime Looking To Expand Portfolio In SA

Sandy Kelly PIC: PHATSIMO KAPENG
Sandy Kelly PIC: PHATSIMO KAPENG

PrimeTime, the Botswana Stock Exchange listed property group, is looking to leverage on achievement of existing investment portfolios in South Africa by acquiring new properties in that market.

The move will be an addition to the already existing acquisitions they had made in South Africa, which include an R85 million mixed-use property in Brynston and a R50 million logistics warehouse in Johannesburg.

This was revealed by PrimeTime’s managing director, Sandy Kelly, when commenting on the group’s financial results for the year ended August 31, 2020. In the commentary accompanying the results, Kelly highlighted the group’s plans to increase its assets in the neighbouring country in the next six to 12 months.

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