BTC shares up for grabs
Keikantse Lesemela | Wednesday September 17, 2014 13:36
Through the privatisation, 51 percent of the parastatal will remain in the hands of government, while five percent will be reserved for citizen employees of BTC.
The remaining 49 percent will be sold exclusively to citizens and citizen-owned companies through an Initial Public Offer leading to an eventual listing of the company on the Botswana Stock Exchange (BSE). “Batswana can now truly look forward to owning a piece of BTCL and those who have been a part of the BTCL workforce can enjoy owning a part of the company they work for,” said Minister of Transport and Communications, Nonofo Molefhi. Details of the value and amount of shares on offer are still being ironed out and Molefhi said a prospectus on the offer is expected in the next two weeks.
The ministry is organising a get-together with the stakeholders on October 6 in Gaborone and another one in Francistown on October 9 as part of a campaign to inform the public. “Among measures that will be undertaken to ensure Batswana participate in this historic event in large numbers my ministry, PEEPA and BTCL will soon commence a programme aimed at sensitising the public on issues relating to the BTCL,” said Molefhi.