�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
Human rights are sacred

It highlights the need to protect rights such as access to clean water, education, healthcare and freedom of expression.President Duma Boko, rightly honours past interventions from securing a dignified burial for Gaoberekwe Pitseng in the CKGR to promoting linguistic inclusion. Yet, they also expose a critical truth, that a nation cannot sustainably protect its people through ad hoc acts of compassion alone.It is time for both government and the...

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