Business

BALA to buy shares on BSE

Tuesday, January 27, 2015
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.

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Editor's Comment
Something ought to be done about deadly A3 Road

The accident which happened near Marapong village comes after yet another horrific accident which claimed 16 lives in July last year near Hubona. These stats don’t include other accidents where fatalities were not as many as the two.While several factors may have contributed to the two accidents and many others, many believe the biggest with that road is the bad state that the road is in. Unconfirmed reports in the most recent accident state...

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