RDCP battles sluggish progress in Namibia

Friday, August 23, 2019

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.

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