Primetime listed on the Botswana Stock Exchange in December 2007. Since then it has established itself as a preferred property investment vehicle for institutions and private investors alike, with the number of shareholders growing from 1337 on listing to over 1600 currently. The performance is reflected in the solid share price, although it suffered a setback as a result of the global credit crisis, growth in distribution of 6% (in 2010) an increase of 13% in the valuation of the underlying property portfolio. The acquisition of the Sebele Shopping Centre and Prime Plaza in 2010 add some quality properties to the fund.

Looking forward, PrimeTime is confident of securing further investments in Botswana, but has concerns over the medium and long term reliance that the country has on diamonds and as such is pursuing a policy of risk diversification by seeking investments elsewhere in the region. Being ungeared provides an excellent platform to raise debt for undertaking the planned expansion.