Property Development Company, Prime Time sees prospects of good returns in 2018 with focus on its retail segment. The company Managing Director Alexander Kelly and Chairman Petronella Matumo said they are looking forward to Pilane Crossing Mall becoming a successful retail centre as tenants have now occupied the space. “In Botswana we look forward to Pilane Crossing becoming a successful retail centre, that it was originally envisaged to be,” states Kelly and Matumo. For its Botswana market, the company started construction at Setlhoa plot with a retail park concept for the home décor and design sector.
Two smaller extensions to existing centres are also underway with a one-shop extension at Sebele Centre and a fast food drive-through at Pilane Crossing where KFC will be opening in early 2018. Kelly and Matumo state in the Company’s 2017 annual report, that things are looking extremely positive for the 2018 financial year with Clicks, Jet, PEP and Ackermans having commenced trading in the final quarter of 2017.
In its year ended August 2017, the company achieved year-on-year increases in both revenues and operating profits before fair value adjustments. Lease revenue grew by 27 percent to P110 million, completed investment property by 34 percent to stand at P1.12 billion and the price per linked unit by four percent to end the year at P3.16.
Kelly and Matumo say the group is well positioned to take advantage of opportunities that may present themselves this year while management team is constantly searching for suitable investments, which will enable them to continue to grow the company and diversify into new markets. “We are pleased with what has been accomplished in the last year and look forward to growing the group further from the platform that has been established,” said Kelly and Matumo. In Zambia the company says demand for space at the newly-acquired Centro Kabulonga mall in Lusaka is strong with a waiting list for space including major regional and national brands. “The results of our geographical diversification into Zambia are now being seen.
“The Zambian operations contributed over 20 percent of the rental income for the current year and over the next few years this will increase significantly,” said Matumo and Kelly.
Cell City rewards customers
Cell City gave away two Toyota Hilux pick up cars worth about P300 000 and three Hisense televion sets worth P15 000 each to their customers through their annual competition.
In partnership with Hisense and Orange Botswana, Cell City conducts annual competitions to reward their customers and contribute to citizen empowerment. Handing over the cars on Friday, Cell City Chief Executive Officer, Brian White said through the competition they want to satisfy their customers and give back to the community. “Cell City and Orange clients were given a chance to win either a Toyota Hilux pickup or a Hisense television set.
All they had to do was purchase any Hisense mobile phone from a Cell City or Orange retail outlet and fill in the competition form in the store,” said White.Thato Ntshabele, who won one of the cars told the Business Trends that she bought a Hisense cell phone worth P900. 00.
“I never expected that I can win a car. I was just filling the forms and dropped into the entry box and I forgot about it. I am so happy to receive this prize and I thank Cell City for this opportunity,” said Ntshabele. Another winner, Dimakatso Mmusi expressed his excitement saying he had always wanted a van and he is grateful to Cell City.
“I just bought a cell phone worth P899.00 at Cell City Railpark mall, I never expected anything, and I was just submitting the form as I was requested by the shop assistants. This car is very useful to me,” said Dimakatso.
Smecha chillie hits the shelves
For the love of food and the passion to apply modern technology processes in food manufacturing locally, Kgalaletso Mothoagae established her own brand, Smecha specializing in relishes.
She processes and packages chillie in 325 gramms and 1 litre bottles selling at P50 and P150. She told the Business Trends that she decided to process chillies as it is one of the products that are rarely processed in the food industry.
She started cooking it for home consumption and later started selling to friends and currently the product has gone beyond borders at South African Spar shops and Restaurants. “I couldn’t look for any other vegetable as most of them have already been processed in the market. It is my first product of research in the food industry so I found out that I can do good business with this product. This chillie is free from preservatives but still has extended shelf life of 6 months,” said Mothoagae
The Kanye born young lady studied food technology and has the passion to explore the food processing market in Botswana and contribute to reduce the high food import bill. “I wanted to explore more about food and use my skills to contribute to the development of the local food processing and manufacturing industry. I also wanted to supplement my income at the same time,” said Mothoagae.
She has a degree in Food Technology. She says there is a lot of potential for business growth as there is a demand for the product locally and in South Africa. “My main customers are individuals in homes, they have embraced the product, and they love the taste. There is also a market that has been secured in SA; it is available in several shops like spars and some restaurants”. In future, Mothoagae said she would increase the product range to 10 using various vegetables and flavours.
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