Tax charge dents PrimeTime's rosy figures
Friday, May 17, 2019
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.
The recent disclosure by the IEC that 2,513 registrations have been turned down due to various irregularities should prompt all Batswana to meticulously review the voters' rolls and address concerns about rejected registrations.The disparities flagged by the IEC are troubling and emphasise the significance of rigorous voter registration processes.Out of the rejected registrations, 29 individuals were disqualified due to non-existent Omang...