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
Micro-procurement maze demands urgent reform

Whilst celebrating milestones in inclusivity, with notably P5 billion awarded to vulnerable groups, the report sounds a 'siren' on a dangerous and growing trend: the ballooning use of micro-procurement. That this method, designed for small-scale, efficient purchases, now accounts for a staggering 25% (P8 billion) of total procurement value is not a sign of agility, but a 'red flag'. The PPRA’s warning is unequivocal and must be...

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