23 May 2021

A new company Homec Investment Limited which deals in lottery has opened business in the country and citizen are encouraged to invest in it.

Briefing the media recently, Mr Percy Raditladi, Homec managing director said the company which is owned by Batswana has competencies drawn from some of the best lottery minds in the world. “The Company which has the potential of holding a ten-year license is backed by technical expertise not just on the strategy, the legal frame works, human resources, marketing, but the financial modelling and the lottery itself is impressive”, Mr Raditladi explained to the media.

He said the venture would change the landscape of not just investment but how Batswana fund special projects, whilst protecting shareholders through regulatory instruments. Giving a brief history of the company, he said after his retirement at Yarona FM Radio Station, he went to live in Texas, USA where he had his first intricate details of how the company works and complex web of the global market valued at over P1.5 trillion.

Young spirited and ambitious, he said he thought everything was possible and the naivety of youth led him driving the ambitious agenda of one day bringing Botswana’s first lottery to the market.

Even then, he knew that the magnitude of the venture was beyond an individual, the ambitious Mr Raditladi, brought in partners to share in to the venture.

“Close to 20 years later we are here today, we are sharing this vision with Batswana, so through a Special Purpose Acquisition Company (SPAC) in this case Homec we can raise funds through listing,” he said.

Explaining Homec and how SPAC were linked to the Lottery, he said Homec was a public company and on course to list into the Botswana Stock Exchange and SPAC has sole purpose of giving Batswana an opportunity to own shares in the historic lottery business.

“Money raised in this project will be injected into the venture and in the event capital ambitions are not met investors will be refunded, through regulatory instruments”, he said.

The fund-raising model will empower every Motswana who want to dream and anyone can do it on any special project of their choice, he said.

Mr Raditladi also noted that currently Homec’s shareholding in the lottery was via a company called Colmar Enterprises (Pty) Ltd which was the second Shareholding Company in Growmine Africa trading as Dineo tsa Pula.

Through listing, he said the company could raise close to P100 million and the money would be placed into a trusted bearing account. 

Meanwhile Mr Ndaba Nkomo, the Managing Director, Public Relations at Homec Investment limited said lottery was a huge opportunity for Batswana. ENDS