BTCL pushes for open trading of its shares

As the first parastatal privatised via the public offer of shares, the BTCL’s listing on the Botswana Stock Exchange two years ago was unique, with trading limited to citizens and wholly citizen-owned entities. A market maker was appointed to facilitate trade and avoid the supply gluts or shortages that could be expected from limiting share trades.

Government holds 54.2% of BTCL, followed by individual Batswana who hold about 32%. In absolute terms, 45,598 individual Batswana held 331,350,000 shares in BTCL by March 29, 2018.