KBL shareholder loses P260m in value in two days
Friday, February 19, 2021
![Better times: KBL says operations will remain suspended due to the ban](https://cdn4.premiumread.com/?url=https://www.mmegi.bw/uploads/imported_images/2021/february/19/php3aIh1c.jpg&w=400&q=72&f=jpg)
Better times: KBL says operations will remain suspended due to the ban
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.
These roads, which are vital conduits for trade and tourism, have long been in dire need of repair. However, while this development is undoubtedly a positive step, it also raises questions about broader issues of infrastructural management and road safety that deserve closer scrutiny.The A3 and A33 roads are not just any roads, they are critical arteries that connect Botswana to its neighbours and facilitate the movement of goods and people...