BSE swims against economic downturn tide
Friday, December 20, 2024 | 330 Views |
At the helm: Bolokwe PIC: MORERI SEJAKGOMO
Last year, the DCI rose 15.5%, the strongest performance since 2013, powered by heavyweight counters in tourism, banking and finance.
This year, the movers were a mixed bag, although banks and financial institutions such as Standard Chartered Bank Botswana, First National Bank Botswana, BIHL and Absa were all amongst counters whose share prices rose. Only Access Bank, amongst the banks, was marginally down one percent as at Press time on Wednesday.
That a single private law firm pocketed P6.5 million for just four cases, out of a total P11.1 million paid for 25 matters, reeks of a system that was not merely disorganised but open to abuse.Bayford has taken a welcome first step by telling the Public Accounts Committee the truth. Now he must act decisively to ensure it never happens again and that any money lost to wrongdoing is recovered.The figures are staggering. Whilst ordinary Batswana...