Mmegi

BTCL shares reach four-year high

Creating value: BTCL MD, Anthony Masunga PIC BTCL FACEBOOK
Creating value: BTCL MD, Anthony Masunga PIC BTCL FACEBOOK

Shares in the Botswana Telecommunications Corporation Limited (BTCL) reached a four-year high on the Botswana Stock Exchange (BSE) earlier today, after gaining 19 thebe in a single day's trade.

The BTCL, which has one of highest concentrations of retail investors on the BSE, previously reached today's high of P1.02 on December 16, 2019.

In today's trade, 30,200 shares traded hands for a combined value of P30,804 over three transactions.

Editor's Comment
Micro-procurement maze demands urgent reform

Whilst celebrating milestones in inclusivity, with notably P5 billion awarded to vulnerable groups, the report sounds a 'siren' on a dangerous and growing trend: the ballooning use of micro-procurement. That this method, designed for small-scale, efficient purchases, now accounts for a staggering 25% (P8 billion) of total procurement value is not a sign of agility, but a 'red flag'. The PPRA’s warning is unequivocal and must be...

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