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
BPF should get house in order

Speaker of the National Assembly, Dithapelo Keorapetse, has this week rightly washed his hands of the mess, refusing to wade into a party squabble that has no clear leadership and no single version of the truth.When a single party sends six different letters to the Speaker’s office, each claiming to be the authoritative voice, it is not just confusion, but an embarrassment.Keorapetse is correct to insist on institutional boundaries. Parliament...

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