Mmegi

BTC reaches seven-year high on BSE

Confident: Peschel sees support for the share price getting stronger
Confident: Peschel sees support for the share price getting stronger

The share price of the Botswana Telecommunications Corporation (BTC) rose to a seven-year high this week, driven by robust financial results and increasing investor confidence in the strategies being implemented to boost the business.

BTC, with more than 40,000 individual investors, is the Botswana Stock Exchange’s most retail-heavy counter, a state of affairs that dates back to its historic Initial Public Offer (IPO) in 2016. However, the concentration of retail investors and their tendency for impulse trading behaviour, combined with the fact that BTC shares are restricted to citizens, has affected share price growth over the years.

BTC shares traded below the listing price of P1 from roughly December 2019 to January 2024, dipping to a record low of 60 thebe in November 2020.

Editor's Comment
Child protection needs more than prevailing laws

The rise in defilement and missing persons cases, particularly over the recent festive period, points not merely to a failure of policing, but to a profound and widespread societal crisis. Whilst the Police chief’s plea is rightly directed at parents, the root of this emergency runs deeper, demanding a collective response from every corner of our community. Marathe’s observations paint a picture of neglect with children left alone for...

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