Our investments are going to pay off, BTCL vows
Friday, July 12, 2019
Masunga expects BTCL to turn the corner this year PIC: KENNEDY RAMOKONE
The telecomms group has been under pressure from investors as its share price has sunk below the 2016-listing level, amidst seesaw profits.
Individual (retail) investors make up a very large proportion of the BTCL’s share registry and many have taken to social media to express their disappointment with the value they are getting from the telecomms group.
That a single private law firm pocketed P6.5 million for just four cases, out of a total P11.1 million paid for 25 matters, reeks of a system that was not merely disorganised but open to abuse.Bayford has taken a welcome first step by telling the Public Accounts Committee the truth. Now he must act decisively to ensure it never happens again and that any money lost to wrongdoing is recovered.The figures are staggering. Whilst ordinary Batswana...