BSE to self-list after demutualization

New ventures: Moribame
New ventures: Moribame

The Botswana Stock Exchange (BSE) looks to convert to a public company by end of 2018 and thereafter invite private investors to buy shares in the firm before listing itself on the bourse.

Through a process called demutualisation, the BSE will transform from a statutory body collectively owned by stockbrokers and government to a public company.

Self-listing is an international practice that stock exchanges normally adopt in developed markets after they demutualise. In a response to Mmegi Business enquiries, market development manager, Thapelo Moribame said the demutualisation process will separate ownership rights of the BSE from trading rights.

Editor's Comment
Congratulations Anicia Gaothuse!

The contest had 10 beautiful young girls as finalists and unfortunately only one could wear the crown.The judges picked Anicia Gaothuse. To all those who feel their contestant should have won ahead of Anicia for whatever reason, hardly; the judges found Anicia to be the best among the best, so desist from disrespecting our newly crowned queen on social media or anywhere else, for that matter! Each of the 10 beautiful young women had supporters...

Have a Story? Send Us a tip
arrow up