�Incredible� response reported for BTCL shares

Members of the public buying BTCL shares this week
Members of the public buying BTCL shares this week

Batswana have responded strongly to the offer of shares in the Botswana Telecommunications Corporation Limited (BTCL) with more than 15,000 copies of the prospectus collected in the three days since the sale opened on Monday.

Government and BTCL are selling 462 million shares at P1 each in an offer that is both the country’s largest Initial Public Offer (IPO) and also the first privatisation of a parastatal. The offer opened on Monday and will close on March 4, 2016 at 5pm.

Yesterday, BTCL managing director, Paul Taylor said another 10,000 copies of the prospectus had been downloaded thus far, symbolising “incredible” demand for the shares among Batswana.

Editor's Comment
The corrupt must account

This ruling is more than a technical legal decision it is a mirror reflecting the rot in the country’s procurement processes and governance.For far too long, government officials have twisted regulations to serve their interests, betraying the very citizens they are sworn to serve.The Judiciary’s rejection of this appeal is a timely reminder that corruption—no matter how deeply entrenched cannot indefinitely escape accountability. Yet,...

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