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.

Editor's Comment
Human rights are sacred

It highlights the need to protect rights such as access to clean water, education, healthcare and freedom of expression.President Duma Boko, rightly honours past interventions from securing a dignified burial for Gaoberekwe Pitseng in the CKGR to promoting linguistic inclusion. Yet, they also expose a critical truth, that a nation cannot sustainably protect its people through ad hoc acts of compassion alone.It is time for both government and the...

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