BTCL risks lawsuit over share price fall

Taylor
Taylor

Market analysts believe investors who have lost money through the tumbling BTCL share price can sue the company for failure to disclose full information on the Botswana Privatisation Asset Holdings (BPAH).

The telecoms company did not disclose fully on the functioning of BPAH, which was supposed to act as a market maker to protect the share price as well as facilitate for shares to remain in the hands of Batswana. 

Instead, three months after BTCL listing, BusinessWeek has learnt that the market maker is yet to start functioning.

Editor's Comment
UDC should deliver on promises

President Duma Boko and his government must now hit the ground running to deliver on their promises and meet the high expectations of Batswana. The UDC has pledged to foster a deliberative democracy, where open dialogue and continuous conversations are encouraged. This approach will allow different viewpoints to be heard and strengthen the ideas that shape our nation. The introduction of the long-awaited Freedom of Information Act (FOIA) is a...

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