Afinitas debuts on BSE

Magang
Magang

A new investment firm, Afinitas yesterday listed 213 million shares at P1 per share on the Botswana Stock Exchange (BSE) despite its Initial Public Offer (IPO) being heavily under-subscribed.

The listing followed an IPO and private placement in which the company sold 2.7 million shares and 91.2 million shares respectively.

Under the IPO, less than 10 percent of the shares on offer were subscribed for as Afinitas had floated 28.8 million to the public.

Editor's Comment
Let the law take its course

When the news broke, a fierce debate ensued. While some members of the public believe that the law should take its cause, there is a section of the population that believes the move to detain the MP is politically motivated.Matsheka has been in the custody of the Directorate of Intelligence and Security since August 2 and the warrant of arrest was allegedly obtained on August 4, two days later.The issue of alleged ritual murders has never been an...

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