BALA to buy shares on BSE

Moruakgomo
Moruakgomo

FRANCISTOWN: The Botswana Association of Local Authorities (BALA) has declared its plans to buy shares on the domestic bourse in a bid to widen its investment portfolio.

The decision to invest in shares was made at the association’s elective conference held here last week. Mmasepala Group of Companies, which is 100% owned by BALA, has been mandated to find suitable counters which BALA can invest in.

“For now Mmasepala has been given the mandate to buy shares from BTC before the company can consider buying shares from other companies on behalf of BALA.

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...

Have a Story? Send Us a tip
arrow up