Parliament passes bill to reserve BTC shares to citizens

Friday, August 08, 2014

Parliament this week passed the Botswana Telecommunications Corporation (BTC) (Transition) (Amendment) Bill 2014. The bill tabled by the Minister of Transport and Communications, Nonofo Molefi seeks to amend the 2008 BTC (Transition) Act.

The amendment makes the BTC employee scheme exclusive to citizens only. The minister submitted the bill under a certificate of urgency because the listing of the BTC Limited in the Botswana Stock Exchange is due on August 22.

He said the bill therefore seeks to ensure the allotment of shares to citizen employees. The 2008 Act opened the allotment of shares to all employees, irrespective of their nationality.

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Parliament passes bill to reserve BTC shares to citizens

Parliament this week passed the Botswana Telecommunications Corporation (BTC) (Transition) (Amendment) Bill 2014. The bill tabled by the Minister of Transport and Communications, Nonofo Molefi seeks to amend the 2008 BTC (Transition) Act.

The audacity to be a unicorn

Faulty gadgets top complaints to BOCRA

Civil Society fights 'flawed' constitutional amendment

Civil Society calls for Constitution review governing Act

IEC rejects 2,513 registrations

Motshegwa prevails against detractors

Serowe woman ingests acid, attempts suicide

Serowe man 'loses' P1m in trading

Inspect the voters' roll!