Property market outside Gaborone struggling - report

The company says that small civil servants salary increases has resulted in reduced disposable incomes in the region. PrimeTime managing director, Sandy Kelly said they see this trend continuing for some time. "Francistown is battling. Whilst our properties are performing satisfactorily, we struggled with some vacancies and bad debts there," he said.

He pointed out that rearrangement of some tenancies has finally filled Nswazwi Mall's upper level and currently they have a few vacancies in Blue Jacket Square, but there is not much rental uplift in those properties. "Nswazwi Mall remains a very strong trading position for retailers," he said.