Puma Enters Botswana Through The Wilderness

No Image

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
We salute Kgomo Khumo for a job well done

Stock theft has become rampant and difficult to contain thus keeping the police on their toes as the country is rocked by stock theft cases that are becoming difficult to contain.This form of crime is causing great misery to farmers in Botswana, especially in rural communities that largely depend on agriculture for a living. As stock theft cases escalate, the police say that most of the meat consumed in major towns and villages is from stolen...

Have a Story? Send Us a tip
arrow up