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RDC opens offer for PrimeTime equity

Friday, June 13, 2025 | 110 Views |

Landmark: Masa Centre is one of RDC’s flagship properties in Botswana

RDC Properties has formally opened an offer to secure more than 40% equity in property rival, PrimeTime, following the recent approval of the process by the Botswana Stock Exchange (BSE).

The latest developments come after a tense 2024 in which RDC launched a hostile takeover bid for PrimeTime, sparking complaints to the BSE which instituted a probe into the matter last October. A hostile takeover, a rarity in the local market, occurs when a bidder approaches target investors directly for their shares, rather than going through the board or management.

RDC Properties says the strategic move will strengthen its portfolio and expand its presence in areas and sectors where it currently does not have a footprint.

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