Cresta share price climbs on listing debut

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Cresta Marakanelo's share price climbed 10thebe to close the day on P1.55, driven by strong interest from punters eager to tap into the hospitality giant's first day of trade on the Botswana Stock Exchange (BSE).

Cresta, the domestic board's 21st counter, listed on the BSE yesterday where 352 416 shares exchanged hands in an invigorated trading session which followed the official listing ceremony.

The listing marks the end of a divestment process by the Botswana Development Corporation (BDC), which offloaded its 62.9 million shareholding in Cresta Marakanelo via a private placement, employee scheme and Initial Public Offer (IPO).

Editor's Comment
Human rights are sacred

It highlights the need to protect rights such as access to clean water, education, healthcare and freedom of expression.President Duma Boko, rightly honours past interventions from securing a dignified burial for Gaoberekwe Pitseng in the CKGR to promoting linguistic inclusion. Yet, they also expose a critical truth, that a nation cannot sustainably protect its people through ad hoc acts of compassion alone.It is time for both government and the...

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