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
Watch your tongue Mr President

While his leadership has brought about significant progress and development, it is imperative that he exercises greater caution in his choice of words, particularly when addressing sensitive matters.One of the primary concerns is the potential impact of his remarks on Botswana’s relationship with De Beers, the diamond mining giant that plays a crucial role in the nation’s economy.The partnership between Botswana and De Beers has been mutually...

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