BALA to buy shares on BSE

Tuesday, January 27, 2015

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.

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BALA to buy shares on BSE

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.