BSE bears carryover into 2017
Wednesday, January 11, 2017
The Domestic Companies Index (DCI) shed a further 0.12% in the three days of trading last week and closed the first week of the year 11.37 points lower. Opening the year on a losing note were Stanchart, Turnstar, Barclays and BIHL.
Stanchart, which opened the year trading on a cautionary, was one of the biggest losers for the week, softening 1.9% or 15 thebe to close the week’s trading at P7.60, a new 12-month low.
The findings reveal a disturbing pattern of misconduct and lack of transparency that cannot be ignored.The Tribunal, led by Judge President Justice Kabelo Lebotse, has rightly condemned the Ministry for its eyebrow raising conduct in awarding a P1.8 billion water tender to China Civil Engineering Construction Corporation (Pty) Ltd and Zhong Gan Engineering & Construction Corporation (Pty) Ltd.The award was made despite alleged clear evidence that...