For over two decades, Turnstar Holdings has been a driving force in Botswana’s real estate investment sector, expanding its footprint across Tanzania and the UAE while maintaining a solid foundation at home. As the company prepares for its next chapter, a carefully orchestrated leadership transition is underway, one that signals continuity, strategic foresight, and a commitment to long-term growth.
From 1 July 2025, Comfort Rankgomo will step into the role of Managing Director, a move that aligns with Turnstar’s vision of cultivating leadership from within. With an impressive track record in financial planning, risk management, and operational efficiency, Rankgomo has spent the past fourteen years in such roles as Finance Manager and as Chief Financial Officer, gaining deep operational insight into the business. His transition to the top role is a natural progression, ensuring that Turnstar remains well-positioned for growth in an evolving real estate market.
His appointment follows the decision of Gulaam Abdoola, a founding figure of Turnstar, to step down as Managing Director after 25 years of service. Abdoola has long been synonymous with the company’s success, leading it from a Botswana-based operation to a diversified regional real estate powerhouse. His influence spans decades of expansion, from Turnstar’s 2002 listing on the Botswana Stock Exchange to the launch of Mlimani City Shopping Mall in 2006 and the company’s entry into the UAE market.
The transition, however, is far from abrupt. Recognising the need for strong leadership succession, Abdoola played an active role in preparing his team for this shift. The Board, satisfied with the leadership structure he has helped shape, is confident that Turnstar remains in capable hands. Abdoola will continue to contribute in Strategy and Development, ensuring that the company’s long-term objectives remain on course while maintaining his stakeholder interest as a key shareholder.
“I have a vested interest in this business; it will always remain close to my heart and, as a shareholder, my desire to see it continue to succeed is unwavering. It is time now for a change, as I look forward to stepping into a different role,” Gulaam notes.
The strengthening of Turnstar’s executive team doesn’t end there. Ketshepemang Mothetho, FCA, BFP, has been appointed as Chief Financial Officer, while Gadzani Tema takes on the role of Asset Manager, further reinforcing Turnstar’s strategic capabilities and celebrating a mix of citizen and youth figures shaping the story of a proudly Botswana powerhouse business in the property investment space.
The leadership development culture at Turnstar is clear to see, with a sound succession plan now proving to deliver real results. The seamless transition from Abdoola to Rankgomo is testament to this. “It has been a learning process and an insightful one at that, with Gulaam helping grow our leadership capabilities whilst ensuring we can come into our own leadership styles,” Rankgomo shares. “I’m excited for what is ahead, committed to delivering and creating meaningful value for our stakeholders.”
With an asset value of BWP 2.8 billion, Turnstar’s financial resilience is a testament to its strong governance and investment strategy. As it continues to expand across Botswana and beyond, this leadership transition marks not just the end of an era, but the beginning of a new, well-planned chapter. With a solid track record of success and a seasoned leadership at the helm, Turnstar is ready for what lies ahead.