Large caps drag BSE southwards
Friday, December 02, 2016
Dragged down by poor performance of large caps such as Choppies, Sechaba, FNBB, Stanchart and Letshego, the mainstream DCI has lost nine percent since the beginning of the year.
The market reached a 12-month low of 9,504.24 points mid-quarter before rebounding to close the quarter at 9,796.69 points. Market watchers have attributed the loss on the DCI mainly to the poor share price performances by large capitalisation counters.
While it is widely acknowledged that Khama holds the title of Kgosi, the government’s failure to properly gazette his recognition has raised serious concerns about adherence to legal procedures and the credibility of traditional leadership. (See a story elsewhere in this newspaper.) Recent court documents by the Minister for Local Government and Rural Development, Kgotla Autlwetse, shed light on the intricacies of Khama’s recognition process....