Stockbrokers See BTC Share Price Potential Growth
Monday, August 19, 2019
The corporation’s share, which was initially listed on Botswana Stock Exchange (BSE) at P1.15, is now currently at about P0.89.
Some experts believe that the sliding value is linked to the fact that BTCL’s shares trade amongst citizens, limiting the full unlocking of their value. Currently government holds 54.2% of BTCL, followed by individual Batswana who hold about 32%.
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...