Tax charge dents PrimeTime's rosy figures

PrimeTime’s rental incomes rose 19% in the interim period to P75.3 million, powered by higher occupancies which saw the vacancy rate across the group falling to three percent from five percent.

PrimeTime owns several landmark commercial and retail properties around Botswana and in Zambia. However, tax charges ate into the anticipated higher returns, with PrimeTime allocating P8 million, up from P3 million in the previous corresponding period.