Puma Enters Botswana Through The Wilderness

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International sportswear manufacturer, Puma, has snapped up a 20-percent stake worth P185 million in Botswana's tourism concern Wilderness Holdings through a private placement.

Wilderness, which is currently in the process of listing on the Botswana Stock Exchange, has been in Botswana for the past 26 years and has operations in the Chobe, Linyanti and the Okavango Delta.

In an interview with Monitor recently, Wilderness CEO Andy Payne said Puma bought 46.4 million shares while Puma chairman and CEO Jochen Zeitz bought a one-percent stake worth P16.7 million in his individual capacity from the 56.3 million that were on the placement.

Editor's Comment
Watch your tongue Mr President

While his leadership has brought about significant progress and development, it is imperative that he exercises greater caution in his choice of words, particularly when addressing sensitive matters.One of the primary concerns is the potential impact of his remarks on Botswana’s relationship with De Beers, the diamond mining giant that plays a crucial role in the nation’s economy.The partnership between Botswana and De Beers has been mutually...

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