BTCL pushes for open trading of its shares
Friday, October 19, 2018
As the first parastatal privatised via the public offer of shares, the BTCL’s listing on the Botswana Stock Exchange two years ago was unique, with trading limited to citizens and wholly citizen-owned entities. A market maker was appointed to facilitate trade and avoid the supply gluts or shortages that could be expected from limiting share trades.
Government holds 54.2% of BTCL, followed by individual Batswana who hold about 32%. In absolute terms, 45,598 individual Batswana held 331,350,000 shares in BTCL by March 29, 2018.
The recent disclosure by the IEC that 2,513 registrations have been turned down due to various irregularities should prompt all Batswana to meticulously review the voters' rolls and address concerns about rejected registrations.The disparities flagged by the IEC are troubling and emphasise the significance of rigorous voter registration processes.Out of the rejected registrations, 29 individuals were disqualified due to non-existent Omang...