BBS lists on new BSE board

On Wednesday, BBS directors said plans were underway to ensure the organisation graduates from the Serala board to the BSE’s main Domestic Companies Index (DCI, within the next 18 to 24 months). The DCI is the Exchange’s flagship trading platform. The BSE has three trading platforms, being the DCI, the Foreign Companies Index and the Venture Capital board. The Serala Over the Counter (OTC) board has been established to allow public interest entities to experience the rigours of the listing process, register their shares, trade them with a view to listing on the DCI.

According to the BSE rules, companies may only stay on Serala for a maximum of five years. Speaking during the registration ceremony, the bank’s managing director Pius Molefe said the company’s next step would be to approach the Bank of Botswana for a banking licence.