RDCP battles sluggish progress in Namibia

Giachetti Guido.PIC PHATSIMO KAPENG
Giachetti Guido.PIC PHATSIMO KAPENG

Botswana Stock Exchange-listed RDC Properties (RDCP) is battling slow progress of its Namibian developments, taking the wind out of momentum the real estate group had gathered in that market.

Presenting the financial results for the half-year ended on June 30, 2019, the group’s CEO, Giachetti Guido said the group was still waiting for a title deed for the property purchased there. RDCP spent P4 million to purchase the land.

“We are still waiting for the finalisation of the land acquisitions of our properties in Namibia before starting the developments and on the other hand prospects there are very slow,” he said.

Editor's Comment
Khama, Serogola should find each other

Khama’s announcement to take over as Kgosikgolo was met with jubilation by some, but it also exposed deep-seated divisions. The Bogosi Act, which clearly states that a Mothusa Kgosi cannot be removed without the minister’s involvement, serves as a crucial legal safeguard. This law is designed to prevent arbitrary decisions and ensure stability within traditional leadership structures.The tension between Khama and Serogola has been simmering...

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