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StanChart continues to explore sale of retail operations

Standard House. PIC MORERI SEJAKGOMO
Standard House. PIC MORERI SEJAKGOMO

Standard Chartered Bank Botswana (SCBB) has announced that it is still exploring options for the sale of its Wealth and Retail Banking (WRB) division.

In a statement released to shareholders and the market on the Botswana Stock Exchange website, the bank reiterated its earlier cautionary announcements, first issued on November 27, 2024, that the potential sale could have a material impact on the company's share price.

"Shareholders and the investing public are urged to continue exercising caution and to consult their financial advisors when dealing in the company's securities until a full announcement is made," read the statement.

Editor's Comment
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It highlights the need to protect rights such as access to clean water, education, healthcare and freedom of expression.President Duma Boko, rightly honours past interventions from securing a dignified burial for Gaoberekwe Pitseng in the CKGR to promoting linguistic inclusion. Yet, they also expose a critical truth, that a nation cannot sustainably protect its people through ad hoc acts of compassion alone.It is time for both government and the...

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