BTCL shares record slight recovery
Thursday, June 16, 2022 | 990 Views |
In the news: BTCL's headquarters in Gaborone known as Megaleng House PIC: KENNEDY RAMOKONE
The telecomms group, the trading of whose shares is limited to citizens, plunged to the record low of 65 thebe at the beginning of May, continuing a general downtrend since it listed at P1.15 in 2016.
However, in the past month, BTCL’s share price has risen by 15% to 76 thebe, suggesting that investors are increasingly seeking out the counter.
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...