BTCL claws its way back

BTC headquarters PIC. THALEFANG CHARLES
BTC headquarters PIC. THALEFANG CHARLES

The Botswana Telecommunications Corporation Limited (BTCL) has risen from the rock bottom level it has occupied in the last few months, closing trade today at 94 thebe, its highest position since January.

For three months this year, BTCL was stuck below 88 thebe, three thebe above its all-time record low of 85 thebe seen in 2016, as its retail heavy register cashed out. 

At some point this year, BTCL was among the Botswana Stock Exchange’s top five heaviest losers, a list currently anchored by Standard Chartered Bank Botswana, which has shed 56% of its value thus far. 

Editor's Comment
CoA brings sanity to DIS/DCEC long-standing feud

This decision follows the raiding of the office of the former Director General of the DCEC, Tymon Katlholo early 2022 and his staff officer by the DIS operatives who reportedly took files that they had targeted.After all back and forth arguments, the CoA has set the record straight giving an invaluable lesson to the DIS that it was no super security organ and it does not have any powers to cogently supervise other security organs including the...

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