Africa-Press – Botswana. Botswana Stock Exchange quoted property outfit, RDC Properties, says it expects a double-digit rise in first-half earnings, even as its failed bid for PrimeTime Property Holdings continues to weigh on its rival.
RDC said on Tuesday profit before tax for the six months to June 30, 2025, will be 15 to 25 percent higher than the P41 million recorded a year earlier, reaching between P47.2 million and P51.3 million. The company credited cost management for the increase and said full interim results would be released before the end of September
The upbeat forecast follows a bruising takeover battle that ended last month when RDC failed to secure enough shareholder support to acquire PrimeTime. The Botswana Stock Exchange had earlier suspended RDC’s offer circular, but eventually cleared the firm of wrongdoing in May, ruling that its bid had been lawfully conducted.
PrimeTime, which had urged its unitholders to reject the deal as “materially unfair and unreasonable,” is now feeling the strain. On Thursday it told investors it would not declare an interim interest distribution for the period ending June 2025, citing “significant one-off costs” from the aborted corporate action, which had materially hit distributable earnings
The contrasting fortunes highlight the fallout from one of Botswana’s most contentious corporate episodes in recent years. RDC has emerged with stronger earnings momentum and a lighter cost base, while PrimeTime is left nursing expenses from the takeover battle and the challenge of reassuring investors after suspending payouts.
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