BBS boardroom brawl turns nasty
Botswana Stock Exchange Limited (BSEL) has moved swiftly to halt the trading of BBS equity securities as the bank management and the board public brawl played out on social media this week.
A wide circulation of a strong worded press statement by BBS MD, Pius Komane Molefe defying the board’s directive to vacate office became the talk of the town, sending shockwaves among shareholders on Wednesday.
The standoff between management and the Board turned into a dramatic fracas when the defiant MD and the company Secretary, Sipho Showa hired heavy security to bar board members from entering the bank.
OPENING BELL: Bell ringing ceremony coupled to celebrate International Women s Day
The Botswana Stock Exchange Limited traded P68 million in turnover during the first two months of the year.
This was revealed by the BSE board member, Itumeleng Mareko on Monday this week during the monthly Bell Ringing ceremony, which the BSE also used to celebrate International Women’s Day.
BSE BOARD MEMBER: Mareko
Mareko said the amount traded during this period between the 4th of January and 26th February this year translates into an average turnover of P1.7 million.
“During this period, the number of shares traded equates to 55.5 million shares,” she said, adding that In terms of Market Capitalization, the equities market is valued at P39.1 billion, representing 24 domestic listed companies and seven foreign listed companies.
Finance PS concerned at companies delisting from stock market Permanent Secretary (PS) in the Ministry of Finance, Dr. Wilfred Mandlebe has implored the Botswana Stock Exchange Limited (BSE) to address the situation where companies delist from the stock market. Speaking during the BSE monthly Bell Ringing ceremony this week – an event that signifies the […]
Botswana Stock Exchange Limited (BSE) started the year on a lower note as a trading activity during the first month of the year was below the previous corresponding month. As of the end of January 2021, a total equity turnover of P32.6 million was recorded from traded volumes of 27.4 million shares. During the same […]
By Kabelo Adamson | TheVoiceBW Published: January 26, 2021 9:04 PM
Although there were no new listings on the Botswana Stock Exchange Limited (BSEL) in 2020, the local stock market still experienced some positives during what was a tough year.
According to the BSEL Market Performance Report for 2020, the local bourse experienced tremendous activity in the equity primary market and in the fixed income market in terms of new bonds listings.
During the year, additional share issuance on the BSE is reported to have raised capital amounting to P103.9 million and P86.5 million on the domestic board and foreign respectively.
On the bonds side, new bonds issued by corporates raised P465 million, whereas government bonds raised a record P5.2 billion through additional tranches of existing bonds.