KBL shareholder loses P260m in value in two days

According to the Copyright and Intellectual Property Authority database, the Botswana Development Corporation holds about 32.7% equity in Sechaba, whose primary businesses are its investment in KBL and another 49.9% in Coca-Cola Beverages Botswana (CCBB). Neither KBL nor CCBB, are directly listed on the Botswana Stock Exchange (BSE), but Sechaba’s listing gives insight into the local market’s view of the business.

The BSE market updates this week show that Sechaba, whose share price had not changed since the beginning of the year, lost P1.40 on Monday before shedding another P1 on Tuesday. The losses mean Sechaba’s market capitalisation dropped to P2.02 billion from P2.28 billion in the space of two days.