Turnover came in at BWP 40.9m in the three day trading week owing to the independence holidays on Monday and Tuesday. Trading was boosted by a block trade of 26m Letshego (flat, BWP 1.40) shares yesterday. Letshego generated 90% of market turnover. Choppies (+1.7%, BWP 1.83) was the lead gainer and New African Properties (-2.3%, BWP 2.10) the lead decliner. The domestic index closed 0.4% firmer at 7,415.
The shortage of fuel surfaced in Gaborone this week as the on-going strike by majority of unionized truck drivers in South Africa hit distribution lines to Botswana. A snap survey of filling stations in the city revealed that most did not have petrol products whilst diesel was also running out. Fuel shortages are reported to have started last Friday. Botswana sources nearly all of its petrol from South Africa with 60% entering the country via and the balance through rail. A report by the ministry of minerals energy and water resources released last week however shows that fuel retailers are increasingly switching to rail.
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