BSE in the red as blue chips soften
Friday, July 08, 2016
Garry Juma of Motswedi Securities indicated that this is in sharp contrast to the 11.6% gain during the same period in 2015.
He revealed that four of the large cap counters; Letshego, Choppies, First National Bank Botswana (FNBB) and Standard Chartered Bank, whose shares dominate the domestic board, went down by 14.1%, 9.1%, 11% and 27.7% respectively.
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...