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
UDC's 100 Days: Please deliver your promises!

We duly congratulate them to have ousted the long ruling Botswana Democratic Party (BDP) from power. Prior to taking power from the BDP, the coalition had made several election promises that are credited for influencing change and swaying the people to vote in its favour.The party had made an undertaking, which its leader and President Duma Boko consistently bellowed in his campaign trail. These undertakings were promises that Batswana would be...

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