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StanChart continues to explore sale of retail operations

Standard House. PIC MORERI SEJAKGOMO
Standard House. PIC MORERI SEJAKGOMO

Standard Chartered Bank Botswana (SCBB) has announced that it is still exploring options for the sale of its Wealth and Retail Banking (WRB) division.

In a statement released to shareholders and the market on the Botswana Stock Exchange website, the bank reiterated its earlier cautionary announcements, first issued on November 27, 2024, that the potential sale could have a material impact on the company's share price.

"Shareholders and the investing public are urged to continue exercising caution and to consult their financial advisors when dealing in the company's securities until a full announcement is made," read the statement.

Editor's Comment
Makgekgenene played her part

“Ignore the noise, focus on your work”- AnonymousAs the DG of such a controversy-ridden institution, you really played your part in the fight against corruption and economic crime. Your stay at the helm of the DCEC was quickly paying dividends under your stewardship. During your tenure, there was a lot of action as those caught on the wrong side of the law were brought to court regardless of their economic or political status. We have learnt...

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