Competition Authority blocks P20m Maun mall deal

Coming up: Delta Palms Hills will be located in central Maun. The CCA says the mallu00e2u20acu2122s cross-ownership is another reason to reject NAPu00e2u20acu2122s application PIC: DELTAPALMS.COM
Coming up: Delta Palms Hills will be located in central Maun. The CCA says the mallu00e2u20acu2122s cross-ownership is another reason to reject NAPu00e2u20acu2122s application PIC: DELTAPALMS.COM

The Competition and Consumer Authority (CCA) has blocked New African Properties (NAP) from finalising a P20 million deal to purchase a retail centre in Maun, BusinessWeek has learnt.

The deal, which would have given NAP a stronger foothold in the tourism village, was scuppered after the CCA said the transaction raised 'competition issues' as NAP already has a robust retail presence in Maun.

NAP has 57 retail and industrial properties in Botswana last valued at about P1.4 billion and spread out from Gaborone to Kasane, Maun and Gantsi, Jwaneng and other parts of the country. The property investment group’s assets include well-known properties such as Riverwalk Mall and Kagiso Centre in Gaborone, Mafenyatlala Mall in Molepolole and Mokoro Centre in Maun.

Editor's Comment
UDC should deliver on promises

President Duma Boko and his government must now hit the ground running to deliver on their promises and meet the high expectations of Batswana. The UDC has pledged to foster a deliberative democracy, where open dialogue and continuous conversations are encouraged. This approach will allow different viewpoints to be heard and strengthen the ideas that shape our nation. The introduction of the long-awaited Freedom of Information Act (FOIA) is a...

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