Wilderness Safaris casts its net wider in SADC region

source: The Botswana Gazette
Written by NCHIDZI SMARTS
Wednesday, 17 March 2010 00:00

In the latest update on the imminent listing of Wilderness Safaris, Imara Africa Securities has recommended a long-term buy for the tourism outfit’s stock. Imara is a medium sized investment banking and asset management group and has offices in Botswana, Malawi, South Africa, the United Kingdom (UK) and associate offices in Malawi and Zimbabwe.

Wilderness Safaris have put up a fully underwritten public offer for three million ordinary shares at a price of P4.00 in Botswana and R4.56 in South Africa. The regional tourism outfit has said the exercise is a strategically significant step in its evolution, designed to enable it to take full advantage of growth opportunities and to give the public an opportunity to participate in its future success.

In an equity research, Imara Africa Securities has said Wilderness presents an opportunity for investors to invest in various tourism African markets simultaneously, thereby lowering the risks associated with investing in one market. “Wilderness’ gross profit margin has [continue reading]

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