BSE ADVOCATES FOR A VIBRANT PRIVATE SECTOR
Botswana Stock Exchange remains committed to promoting a robust private sector. “In the long-run the belief is that these enterprises will create employment, propel technological innovation, stimulate further infrastructure development and attract more foreign direct investment, amongst many benefits,” said BSE Chief Executive Officer Thapelo Tsheole, this week.
The chief executive officer has reiterated that the bourse act as a catalyst for companies to access equity or debt finance that will ultimately lead to the growth of the enterprises.
“The BSE performs a crucial function of facilitating the formation, allocation and mobility of capital.” Tsheole said.
He said the local market has become a viable and attractive destination for international and regional companies looking
to expand and penetrate new markets. “We play host to the most pre eminent companies doing business in Botswana, Africa and the World,” Tsheole said.
He said the BSE has foreign listing of dual listings from developed markets like Canada, Australia, South Africa and England from a spectrum of industries such as commerce, agriculture, banking, security services, wholesaling and retailing, tourism, security services, energy, mining and telecommunications.
So far, 32 companies are listed on the local bourse and 11 of the companies have a regional and international presence. Meanwhile, BSE equity trading has plunged for the second and third quarter, compared to the first quarter of the year.
Statistics from the bourse indicate that on quarterly basis, the first quarter of 2020 experienced the highest turnover of P185.0 million over 81.7 million traded shares, followed by the second and third quarters of 2020 with equity turnover levels of P178.7 million and P173.3 million respectively.
The fall comes on the backdrop of BSE announcing intentions to increase turnover levels to P18.0 million per day, next year.