BSE to list on BSE

The Botswana Stock Exchange (BSE) plans to self-list, following the finalisation of its demutualisation, a process that means the bourse is now a company owned by shareholders who include government.

The BSE, with effect from August 2, transformed from a statutory body collectively owned by government and stockbrokers to a company. The move created an entity known as BSE Limited, meaning the BSE no longer operates under the BSE Act of 1995 but operates under the Companies Act.

Demutualisation is a process of transforming from a member owned, not-for-profit, entity to a for-profit, investor-owned corporation which involves changing the legal status, structure and governance of an entity.

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