BTCL share price set for unveiling

BTCL shares discussions.Pic.Kagiso Onkatswitse
BTCL shares discussions.Pic.Kagiso Onkatswitse

The Botswana Telecommunications Corporation Limited (BTCL) will unveil the price of its shares next month which will be unveiled in an Initial Public Offer, as officials continue to play their cards close to their chests.

 

Government plans to offer 44 percent of its shareholding to citizens and citizen-owned companies via the Initial Public Offer (IPO), retaining 51 percent and committing five percent to citizen workers. While the share price will only be known when the prospectus supporting the IPO is published next month, recent trends on the local bourse suggest a price between P1.00 and P2.00.

Editor's Comment
Gov't, unions must find common ground

The situation is exacerbated by the ruling party’s admission that some of its most important election promises remain unfulfilled. This is not the change many Batswana had expected. The UDC was elected into power on a strong promise to improve lives, create jobs, protect workers and repair public services. It is therefore, not enough for the party to point only to new ministries, policies and long-term plans. These may be necessary, but...

Have a Story? Send Us a tip
arrow up