BBS Releases Results, Shares Resume Trading On BSE
Monday, December 14, 2020
The release of the 2019 preliminary financial statements saw the BBSL shares and BBS005 Bond resuming trading on Friday, with trading in the company’s securities open to all BBS security holders.
This is in exception of “BBS Key Persons”, who are directors and senior management, who will be allowed to trade following the publication of the audited financial statements, expected this Friday.
While the political shift brings hope for change, it also places immense pressure on the new administration to deliver on its election promises in the face of serious economic challenges.On another level, newly appointed Finance Minister Ndaba Gaolathe’s grim assessment of the country’s finances adds urgency to the moment. The budget deficit, expected to be P8.7 billion, is now anticipated to be even higher due to underperforming diamond...