BSE commercialisation gets Parly nod

The bill was adopted last Friday, paving way for the exchange to transform into a commercial entity in line with international trends.

 “Part II, of the bill allows the Botswana Stock Exchange to apply to the registrar of companies under section while part IV of the bill deals with matters related to the continuation of the Botswana Stock Exchange Security Fund under the new name of Investor Compensation Fund, and the transitional arrangements,” said Finance Minister Kenneth Matambo. He also said this fund would provide compensation to investors who may suffer loss due to the dishonesty or liquidation of a stockbroker.