Sechaba Holdings, which holds 49.9% equity in both Kgalagadi Breweries and Coca-Cola Beverages Botswana, enjoyed a rosy 2024, with its share price rising the most on the Botswana Stock Exchange’s main platform, the Domestic Companies Index.
Sechaba’s share price closed the year 41.4% higher, leading to a generally strong year for the DCI in which all but three companies performed positively. Sechaba also recorded the BSE’s highest turnover for the year at P338.2 million. Turnover is a measure of the number and value of shares that trade hands and Sechaba ended the year handsomely in the lead, followed by CA Sales with P164.5 million. Sechaba, which was once the subject of delisting speculation when the alcohol levy weighed heavily on its revenues, saw its share of profit from Kgalagadi Breweries and Coca-Cola rise during the year on favourable sales.
On the DCI, Sechaba’s share price performance for the year was followed by Standard Chartered Bank Botswana, Botswana Telecommunications Corporation Limited (BTCL), Sefalana Holdings, and Cresta Marakanelo. BTCL’s presence in the top five gainers on the DCI is a rare achievement as the group’s share price has generally underperformed since its listing in 2016. In the half year to September 2024, BTCL’s pretax profits rose by 55% to P145.3 million, helped by growth in mobile prepaid data, mobile financial services, and data centre cloud services as well as a 20% drop in costs.
The telecoms firm paid a record dividend to government and the renewed positivity was reflected on the BSE with investors pushing the share price to a four-year high.
On the DCI, Sechaba’s share price performance for the year was followed by Standard Chartered Bank Botswana, Botswana Telecommunications Corporation Limited (BTCL), Sefalana Holdings, and Cresta Marakanelo. BTCL’s presence in the top five gainers on the DCI is a rare achievement as the group’s share price has generally underperformed since its listing in 2016. In the half year to September 2024, BTCL’s pretax profits rose by 55% to P145.3 million, helped by growth in mobile prepaid data, mobile financial services, and data centre cloud services as well as a 20% drop in costs.
The telecoms firm paid a record dividend to government and the renewed positivity was reflected on the BSE with investors pushing the share price to a four-year high.
