Mmegi Online :: BSE to list on BSE
Banners
Banners
Banners
Banners
Last Updated
Wednesday 15 August 2018, 15:48 pm.
Banners
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.
By Pauline Dikuelo Oarabile Molelekwa Fri 10 Aug 2018, 12:41 pm (GMT +2)
Mmegi Online :: BSE to list on BSE








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.

Under its new structure, BSE Limited is 81.3% owned by government, with other shareholders being its stockbrokers; Stockbrokers Botswana (5.75%), Imara Capital (5.75%), Motswedi Securities (4.32%) and African Alliance (2.88%). Still pending is a five percent allotment to employees, which BSE has requested government to make available. While the self listing is planned, the final decision will lie with the shareholders, BSE CEO, Thapelo Tsheole told journalists on Wednesday.

“We have to engage the shareholders. If they agree we

Banners

will revalue and see how much the BSE is worth, then go ahead and list,” he said, adding that the engagement would begin next month. At its demutualisation, the BSE’s value was pegged at P35.6 million. Tsheole said self listing is an international practice that stock exchanges adopt in developed markets, highlighting that it attracts capital as some investors normally prefers to invest in demutualisation stocks because they are perceived to be independent.

The demutualisation process took four years and has resulted in a board manned by seven elected independent members and two non-independent members. In the past, the board comprised six brokers and three government appointees. BSE is currently in the second year of its five-year strategy, with goals which include boosting the bourse’s market capitalisation from 34% of GDP to 40% by 2021. The plan also envisages increasing the number of domestic listed companies from 24 to 30 by 2021.

Subscribe to our Newsletter
Banners
Banners
Banners


Business
Fri 10 Aug 2018, 18:00 pm
Fri 10 Aug 2018, 12:41 pm
Fri 10 Aug 2018, 12:40 pm
Fri 10 Aug 2018, 12:39 pm
Fri 10 Aug 2018, 12:35 pm
Tue 07 Aug 2018, 15:32 pm
Fri 03 Aug 2018, 18:00 pm
Fri 03 Aug 2018, 13:27 pm
Fri 03 Aug 2018, 13:27 pm
Fri 03 Aug 2018, 13:19 pm
Fri 27 Jul 2018, 18:00 pm
Fri 27 Jul 2018, 12:52 pm
Fri 27 Jul 2018, 12:51 pm
Fri 27 Jul 2018, 12:50 pm
Wed 25 Jul 2018, 15:25 pm
Fri 20 Jul 2018, 14:28 pm
Fri 20 Jul 2018, 13:31 pm
Fri 20 Jul 2018, 11:32 am
Thu 19 Jul 2018, 14:51 pm
Fri 13 Jul 2018, 18:00 pm
Fri 13 Jul 2018, 14:11 pm
Fri 13 Jul 2018, 14:08 pm
Wed 11 Jul 2018, 14:57 pm
Fri 06 Jul 2018, 18:00 pm
Fri 06 Jul 2018, 13:18 pm
Banners
Banners
Exchange Rates
FOREIGN EXCHANGE: Wednesday, 17 Jan 2018
FOREIGN / PULA
PULA / FOREIGN
1 USD = Pula   9.7656
1 GBP = Pula   13.4590
1 EUR = Pula   11.9617
1 YEN = Pula   0.0882
1 ZAR = Pula   0.7938
1 Pula = USD   0.1024
1 Pula = GBP   0.0743
1 Pula = EUR   0.0836
1 Pula = YEN   11.34
1 Pula = ZAR   1.2597
Subscribe to our Newsletter
have a story? Send us a Tip
Banners
  • Previous
    The Meg
    Next
    Masa Centre
    ::: Friday 10 Aug - Thursday 16 Aug :::
    The Meg
    Christopher Robin
    The Darkest Minds
    Hotel Artemis
    Mission: Impossible - Fallout
  • Previous
    Charming
    Next
    Riverwalk
    ::: Friday 10 Aug - Thursday 16 Aug :::
    Charming
    The Meg
    The Darkest Minds
    Mission: Impossible - Fallout
  • Previous
    Christopher Robin
    Next
    Gamecity
    ::: Friday 10 Aug - Thursday 16 Aug :::
    Christopher Robin
    Skyscraper
    The Meg
    Charming
    The Darkest Minds
Selefu
Scuttling the BDP boat
Banners
Banners
istanbul escort