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BSEL feels the COVID-19 heat

BSEL feels the COVID-19 heat
BSEL CEO: Thapelo Tsheole

Having largely withstood the initial impact of Covid-19, it seems the local stock market is slowly starting to feel the paralyzing financial effects of Coronavirus.

12 of the stock exchange’s 33 listed companies suffered a decline in share prices over the first five months of the year.

The hardest hit was Lucara, owners of Karowe Mine, which saw its share price drop by a staggering 49.7 percent to P6.69 between January and the end of May.

Another mining outfit, Minergy, suffered a telling 22.7 percent blow.

StanChart, SeedCo. and BTCL all endured conspicuous decreases in share pri...

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