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.
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...