Property counters buoy stock market

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The mood on the Botswana Stock Exchange (BSE) was buoyant in the opening week of the year, driven by the property counters that recorded the highest movements.

Analysts attributed the rise in property stocks to their relatively attractive dividend yields, as compared to other counters on the main board during the week ended January 9. Property counters Letlole and Primetime dominated the domestic front as they gained 2.3 percent and 1.9 percent trading at their new 12-month highs of 220 thebe and 265 thebe respectively.

 On the other hand Turnstar notched up by half a percent, reaching a 52-week high of 209 thebe.

Editor's Comment
Micro-procurement maze demands urgent reform

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...

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