BTCL shares sale opens Monday

Window of opportunity: Investors can buy a minimum of 1000 BTCL shares
Window of opportunity: Investors can buy a minimum of 1000 BTCL shares

A total of 462 million Botswana Telecommunications Corporation Limited (BTCL) shares will on Monday (January 11) float on the market at a price of P1 each, marking the first step in closing the country’s first privatisation process.

Under the company’s Initial Public Offer (IPO), Batswana and citizen owned companies are eligible to buy a minimum of 1000 shares translating to P1, 000.

No transactions cost will be levied on the buyers, although investors are required to open a Central Securities Depository (CSD) account with the Botswana Stock Exchange (BSE).

Editor's Comment
Gov't must guard against cadre deployment

As the Botswana National Front (BNF) discusses a policy to place suitably qualified members in strategic positions, the guiding consideration should remain whether an individual is the best person to serve the country. There is nothing wrong with qualified party members applying for public positions. Political affiliation should neither disqualify a capable candidate nor give them an advantage over others. Every Motswana deserves a fair...

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