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BTCL risks lawsuit over share price fall

Taylor
Taylor

Market analysts believe investors who have lost money through the tumbling BTCL share price can sue the company for failure to disclose full information on the Botswana Privatisation Asset Holdings (BPAH).

The telecoms company did not disclose fully on the functioning of BPAH, which was supposed to act as a market maker to protect the share price as well as facilitate for shares to remain in the hands of Batswana. 

Instead, three months after BTCL listing, BusinessWeek has learnt that the market maker is yet to start functioning.

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Editor's Comment
Celebrate responsibly, put safety first this holiday

“Safety first is safety always”– Charles M HayesAs most people begin travelling across the country to spend the President’s Holidays with family and friends, there is every reason to embrace the joy and togetherness that this period brings.While holiday periods bring joy, they are sadly often accompanied by a rise in road accidents, violent incidents and other avoidable tragedies. Too often, families that set out to celebrate together end...

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