BTC IPO faces another deferral

Desai
Desai

The long awaited Botswana Telecommunications Corporation Limited (BTCL) Initial Public Offer (IPO) issue date might be postponed again.

Initially slated for August 2011, the IPO launch has undergone a series of postponements. It was first delayed to 2012, then later pushed to August 2014 before it was again deferred to November 7 and now December 31st 2014.

Speaking during a media workshop last week, the transaction’s legal advisor, Rizwan Desai said there were still some technical regulatory issues to be addressed, which the Botswana Stock Exchange (BSE) had not yet approved. Although government officials say the latest  postponement was done at the request of members of the public, Desai said that the requisite approvals were not all in place but the financial audits had been submitted to the BSE.

Editor's Comment
Congratulations Anicia Gaothuse!

The contest had 10 beautiful young girls as finalists and unfortunately only one could wear the crown.The judges picked Anicia Gaothuse. To all those who feel their contestant should have won ahead of Anicia for whatever reason, hardly; the judges found Anicia to be the best among the best, so desist from disrespecting our newly crowned queen on social media or anywhere else, for that matter! Each of the 10 beautiful young women had supporters...

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