RDC on strong footing for regional expansion

Masa Center is RDC's flagship property in Botswana
Masa Center is RDC's flagship property in Botswana

Following the successful raising of P232.1 million from the rights issue, RDC Properties says it is in a better position to expand into the region with a specific focus on Mozambique, Namibia and South Africa.

The group’s executive chairman, Guido Giachetti said in the group’s 2015 annual report that the transaction, which was concluded in November 2015, took a lot of planning.

He noted that it was more complex than it was originally anticipated.

Editor's Comment
Botswana at a critical juncture

While the political shift brings hope for change, it also places immense pressure on the new administration to deliver on its election promises in the face of serious economic challenges.On another level, newly appointed Finance Minister Ndaba Gaolathe’s grim assessment of the country’s finances adds urgency to the moment. The budget deficit, expected to be P8.7 billion, is now anticipated to be even higher due to underperforming diamond...

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