COVID-19 dampens Turnstar’s African growth ambitions

Looking within: Turnstar is focussing on Botswana for revenue growth
Looking within: Turnstar is focussing on Botswana for revenue growth

The country’s largest listed property company in terms of asset book, Turnstar Holdings, will now focus on the local market for revenue growth, after recording a pandemic-related 13% drop in pretax profits to P81.9 million last year.

Turnstar’s portfolio is currently valued at P2.4 billion with investments in Botswana accounting for 54%, Tanzania with 43% and the United Arab Emirates at four percent.

Turnstar had been eyeing further revenue growth through acquisitions outside Botswana, which would also add the potential of US dollar growth to its property book.


Editor's Comment
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The contest had 10 beautiful young girls as finalists and unfortunately only one could wear the crown.The judges picked Anicia Gaothuse. To all those who feel their contestant should have won ahead of Anicia for whatever reason, hardly; the judges found Anicia to be the best among the best, so desist from disrespecting our newly crowned queen on social media or anywhere else, for that matter! Each of the 10 beautiful young women had supporters...

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