Police grab P27m in BTCL share

Sharon Mathala | Wednesday February 17, 2016 16:28

The shares represent just under six percent of the total amount of the 462 million offered to Batswana.

Police commissioner, Keabetswe Makgophe revealed this yesterday at the official 44th Police Senior Officers Annual Conference held at the Special Support Group (SSG) headquarters.

“When the BTCL offered its shares, we facilitated our officers to acquire shares worth over P27 million,” said Makgophe.

“There are also currently a number of schemes in place that promote savings, property ownership and funeral relief for its officers. “For our part as the leadership of the BPS, we continue to encourage officers to save for a future beyond service life.”

BTCL shares, which are being sold at P1 each and are sold starting from a minimum of 1,000. The share offer opened on January 11 and is due to close in March.

The top police also revealed that the force has also decided to extend contracts for Special Constables from six months to two years. “The review of the condition of service for Special Constables to extend their engagement contract from six months to two years, has been received with excitement by this cadre,” he said.

“This development will certainly go a long way in improving the quality of life of Special Constables since they can now make long-term investment decisions.”