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RDC buys property worth over R300m in Cape Town

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RDC, a Botswana listed company, announced Monday that it has purchased ‘The Edge’ building in Cape Town for a price of R300 million plus acquisition costs, through its investment in Capitalgro. Capitalgro is a Western Cape property loan stock company registered in South Africa and structured to hold commercial property for the benefit of its shareholders. The Chairman of RDC, Guido Giachetti also sits as one of the directors of Capitalgro.

He concluded the transaction with Capitalgro executive board member, Jacopo Pari. The state of the art nine-storey commercial building is located at the entrance to the Tyger Falls precinct on the Tyger Valley Waterfront. It holds a five-Star award of “design” and ‘as built’ ratings by the Green Building Council of South Africa. Striking modern architecture (BAM Architects) and innovative design have greatly reduced the carbon footprint supporting the owners’ commitment to a greener sustainable environment making it an attractive energy and water efficient option for tenants.

Current highly-rated tenants include Mercantile Bank, Distell, Sanlam, PSG and other professional business enterprises. ‘The Edge’ also enjoys ample parking facilities and excellent access from the precinct’s expanding urban village residential area as well as to shops, restaurants and fitness facilities. According to a press release the property value is expected to yield equitable profits in the coming years. “The initial yield reflects the exceptional calibre of the building and rentals are contractually bound to increase at an average of approximately eight percent per annum.”

This development comes as one of the numerous projects aligned with RDC Properties Limited 2017 growth strategy, which is to expand into the SADC region through the creation of partnerships in Madagascar, Mozambique and Namibia and through Capitalgro, into South Africa. Further growth through RDC’s current and new partnerships is envisaged for Mozambique, Namibia and South Africa in 2018 with the objective of supporting the communities and local economies in the areas in which it operates. In Namibia, RDC has initiated the construction of three convenience centres expected to complete this year. The centres are located in Katima Mulilo, Tsumeb and Grootfontein. In Mozambique, Guido Giachetti said they have obtained central bank approval for the funding of the Xai Xai project.

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OLOPENG HEAPS PRAISE ON BSE FINANCE CHALLENGE

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Minister Thapelo Olopeng

Botswana Stock Exchange’s annual finance and investment competition for secondary school students has been applauded by the Minister of Tertiary Education, Research, Science and Technology, Thapelo Olopeng.

The initiative, a capital market awareness tool that has been running for the past seven years, is increasing financial literacy and a culture of investment among young people. The initiative will see the country raise future billionaires through the stock markets. “It is a breath of fresh air to have tertiary students who are financially literate, who can manage their finances,” said the minister.

He urged students to invest even the smallest allowances they earn and have a hassle-free life after university. “Investing on the stock exchange is not only preserved for the rich, but for anyone with a bank account,” said Olopeng.

The minister said the secondary schools finance and investment competition is participation of the private sector in bridging the knowledge divide.Olopeng said the private sector participation augments his ministry’s efforts of providing and building knowledge and innovation through the development and implementation of the policy on tertiary education, research, science and technology to transform the economy from a resource based to a knowledge based.

“In this connection, we will continue to empower our students in order for them to lead better and successful lives which can propel them into the innovation ecosystem,” said Olopeng. BSE Chief Executive Officer, Thapelo Tsheole said the Senior Secondary Schools Finance and Investment Competition, first established in 2013 aims to sensitise and educate the student community about capital markets, with the strategic aim to increase financial literacy and promote a culture of investing at a young age.

The competition is open to all senior secondary schools across the country, including private and public senior secondary schools.

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WE ARE NOT USING DIAMONDS TO KILL ELEPHANTS, THAT’S HOGWASH! – BOTSWANA MINISTER

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Orapa Mine, part of Debswana

Botswana is not using diamonds to kill elephants as alleged by some conservationists after the southern African country announced plans to lift a ban on elephant hunting to address growing conflict between humans and wildlife, a government official has said.

Minister of mineral resources, Green technology and energy security Eric Molale told a mining conference in Gaborone on Monday that the activists were tarnishing the image of Botswana. “That’s hogwash because we as Botswana are [good] conservationists and it is us who worked hard to make sure these elephants [are] brought to the numbers that we do have now,” he said.

“When conflicts arise, it is through consultation, [that we] find out how we can best manage our resources. The people have spoken and we are going to be managing the elephants in the best way that we can.

“We are not culling, we have re-introduced the trophy hunting and if you take 400 elephants per annum for trophy hunting against the 3-5% annual growth rate of the elephant herd that we have…[we are] just barely scratching on the surface.”

Botswana has about 130 000 elephants, the world’s largest population.Molale said Botswana will remain focused on things that are beneficial to the country and will not be distracted by issues spread by people that are not even privy to how things are done in the country.

“We have, however, invited them to come and learn more about what we are doing so they can better understand those important aspects of flora and fauna…”The conflict between humans and elephants had gone up since the ban was introduced in 2014.

Tourism is the second source of foreign income in Botswana after diamonds and conservationists fear that the former will be affected is the government cull elephant.
[Rough and Polished]

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