BTC public shares due next year

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The Public Enterprises Evaluation and Privatisation Agency (PEEPA) says an Initial Public Offer (IPO) for Botswana Telecommunications Corporation shares is likely to be floated after the end of the utility's financial year in March 2011.

The offer of shares in the privatised BTC is eagerly-awaited in a market bereft of investment opportunities, particularly the high-return, low-risk variety offered the telecommunications giant.

Earlier this year, citizen investors were left ruing missed opportunities when a group of Orange citizen shareholders collectively pocketed P420 million through a 20 percent share buy-back by the mobile phone company's majority shareholder, France Telecom.

Editor's Comment
Inspect the voters' roll!

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...

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