RDCP battles sluggish progress in Namibia


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
Happy Independence Day!

Independence Day holds immense significance for Batswana as a whole. It offers a moment for reflection and celebration of the country's achievements, while also prompting introspection.We must honestly assess whether the number of years of independence aligns with the progress we have made. While there is certainly much to celebrate, there are also pressing issues that require the attention of relevant stakeholders. Many Batswana are facing...

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