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Buyers flock as BTCL shares go on sale

The historic public offer of shares in the Botswana Telecommunications Corporation Limited (BTCL) got off to a steady start yesterday, with Batswana scurrying to apply at various Barclays Bank of Botswana branches. Mmegi Photojournalist, KENNEDY RAMOKONE spoke to some of the potential shareholders

James Ratshosa (32)

I came to Barclays because I heard about the release of BCTL IPO shares. I applied for 10,000 shares. These shares will only be allocated after March 4, 2016 and it does not mean that if you have applied for 10,000 shares you are going to get them all.

“You could get less and be refunded your money. I would advise Batswana to come and buy shares since the share price is low.  This is the right time to invest rather than wait for the price to increase. I believe BTCL shares will increase because last year the company did very well. 


Oaitse Bogman (26)

I am very interested in buying BTCL shares so that I invest for the future. At the moment I do not have enough money to buy, but I am going to get money before the end of this week.  I plan to buy 5,000 shares initially, but will keep on buying them, because they are worth it.



Kabiti (32)

Ownership of shares is very imperative and that is why I want

to spend on them.  I would like to advise Batswana to buy these shares in time to avoid lines at the last minute. BCTL is issuing shares to raise money and I believe the company will do well.  If it does well I will share in its success.


Moses Molebalwa (64)

I am going to buy 2,000 shares from BTCL.  I decided to buy them because they are worth the risk.  I would like to advise my fellow countrymen to buy them for future use.


Kebonemodisa Mmusi (36)

I am going to buy BTCL IPO shares despite the fact that I do not understand anything about them. I just heard on radio that they are on sale. I am going to read the prospectus if I do not understand and I will have to check share experts for clarifications. My budget is between P15,000 and P20,000.

To be fair and honest I am doing this for my children. Batswana should take advantage of this because it might be the first and last chance to buy them.




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